Microsoft (MSFT) Fell on Heavy AI Capex and Softer Azure Growth

Microsoft (MSFT) Fell on Heavy AI Capex and Softer Azure Growth Soumya Eswaran Tue, June 16, 2026 at 10:22 PM GMT+7 3 min read MSFT Columbia Threadneedle Investments, an investment management company, released its first-quarter 2026 investor letter for the “Columbia Global Technology Growth Fund”. A copy of the letter is available to download here. In Q1 2026, the Fund’s institutional Class shares fell –6.05%, outperforming the S&P Global 1200 Information Technology Index, which declined –6.57%. Positive performance was mainly due to security selection in semiconductor and AI infrastructure companies, along with an underweight position in software and IT services. Broad markets declined amid a reversal in market dynamics, with energy and commodities surging while growth and tech fell sharply. The letter highlighted that, despite geopolitical risks and uncertainty, the U.S. economy continues to show resilience. In addition, you can check the Fund’s top 5 holdings for its best picks for 2026.

In its first-quarter 2026 investor letter, Columbia Global Technology Growth Fund highlighted stocks such as Microsoft Corporation (NASDAQ:MSFT). Microsoft Corporation (NASDAQ:MSFT) is a multinational software company that develops and supports software, services, devices, and solutions, holding dominant positions in software, cloud infrastructure, generative AI, and gaming. On June 15, 2026, Microsoft Corporation (NASDAQ:MSFT) closed at $399.76 per share. One-month return of Microsoft Corporation (NASDAQ:MSFT) was -5.64%, and its shares lost 17.61% over the past 52 weeks. Microsoft Corporation (NASDAQ:MSFT) has a market capitalization of $2.97 trillion.

Columbia Global Technology Growth Fund stated the following regarding Microsoft Corporation (NASDAQ:MSFT) in its Q1 2026 investor letter: