Microsoft Vice Chair Sells $20 Million in Stock Amid Post-Earnings Slide
Microsoft Vice Chair Brad Smith offloaded 38,500 shares worth $19.97 million on November 3, following a 5% stock decline post-earnings. The transactions, executed at average prices of $518.49 and $519.21 per share, leave Smith with a remaining stake of 461,596.76 shares valued at over $237 million.
Investor concerns over AI spending levels persist despite Microsoft's strong Q1 performance, which saw earnings per share of $4.13 beating estimates of $3.65. The company's capital expenditures surged to $34.9 billion as it aggressively invests in AI infrastructure.
The stock dipped an additional 1.4% following the disclosure of insider selling activity. Market watchers are weighing the significance of the sale against Microsoft's long-term growth trajectory in cloud and AI sectors.
