Microsoft shares steady after global outage as AI competition heats up

invezz.com (Dutch) —

Microsoft shares stabilized Friday after a global outage disrupted Outlook, Teams, and Copilot services for users in over 70 countries, reviving concerns about reliance on centralized cloud services amid intensifying AI competition. Shares rose about 0.18% to $523.94, recovering from a premarket drop of over 2%. The outage began Thursday, affecting Microsoft 365 services used by more than 430 million people. Microsoft apologized, saying it was "deeply sorry," and reported "broad recovery and stability" but gave no timeline for full restoration. The incident highlights risks of dependence on major tech providers, potentially boosting demand for backup services from firms like Mimecast. It comes as Microsoft faces pressure from AI rivals like Anthropic, with investors watching its upcoming Ignite conference for updates on Azure and Copilot strategy.


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