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via finance.yahoo.comTech & AI

Microsoft stock sinks as new AI rival targets $27 billion business

FROM THE WIRE · FINANCE.YAHOO.COM

This article first appeared on GuruFocus. Shares of Microsoft Corp. (MSFT, Financials) slumped 2.2% after the artificial intelligence company AnthropicI9O unveiled a spreadsheet tool that might compete with one of Microsoft's oldest commercial apps, Excel.The news targets…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishMicrosoft shares fall 2.2% on competition from a new AI spreadsheet tool, relevant for a mega-cap.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Microsoft shares slumped 2.2% after Anthropic unveiled a spreadsheet tool.
  2. 02The tool might compete with Excel, one of Microsoft's oldest commercial apps.
  3. 03Microsoft has its own AI agenda.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Microsoft CorporationMSFTStock533.16 USDMarket closedtoday -2.20%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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