Microsoft Stock Drops 17.6% in June, Triggering Historical Buy Signal

Microsoft shares have plunged 17.61% in June to $379.40, slipping below the 200-week moving average after a sharp selloff. This follows a June 17 bearish warning from Renaissance Macro analyst Kevin Dempter, who flagged topping patterns and urged investors to exit on rallies amid doubts over AI spending returns. The latest analysis highlights that similar technical setups in late 2022 and the early 2010s preceded strong rebounds, yet cautions that weak year-to-date performance, OpenAI reliance risks, and UBS's call to reduce big-tech exposure may limit upside this time.