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Microsoft Slips as 4.68% Yield Tests Its $678 Billion Backlog
This article first appeared on GuruFocus. Microsoft (NASDAQ:MSFT), the enterprise-software, cloud and artificial-intelligence titan, slid approximately 0.7% to $481.14 Thursday morning as the 10-year Treasury yield charged toward 4.68%. The stock took a rate-driven hit because Microsoft is spending heavily today for AI profits that may take years to fully arrive. Warning! GuruFocus has detected 3 Warning Sign …