Microsoft Lingers Near $409.56 Post-Earnings Slump as Alphabet Rallies 9% on Cloud

Microsoft shares trade near $409.56 after a 3.5% drop following April 30 earnings, hit by Copilot's 20 million users against a 450 million base despite $627 billion RPO and 40% Azure growth forecasts. The slump builds on March 13 cost-cutting via 7% U.S. workforce buyouts and 15% YTD decline amid AI capex pressures, compounded by OpenAI's March 25 disclosure of Microsoft dependency risks during its $110 billion funding and $25 billion revenue milestone. Alphabet's May 1 Q1 beat—22% revenue to $109.9 billion, Google Cloud up 63% to $20 billion—sparked a 9% surge, highlighting investor rotation toward clearer AI monetization paths.