Microsoft has struggled to meet surging AI demand, a difficulty executives expect to persist in the current quarter. CFO Amy Hood on the company’s earnings call expressed confidence that growth would pick up in the first half of next year as more cloud computing capacity came online.Meta (META) shares were down more than 2% after the company lifted the lower end of its full-year capital expenditures (CapEx) forecast as it ramps up spending on AI. Worries about excessive spending on AI infrastructure weighed on mega-cap tech stocks during the last round of earnings reports in July. Shares of Microsoft (MSFT) slid on Thursday after the company’s revenue forecast fell short of Wall Street’s estimates and the cloud computing giant struggles to meet demand. Shares were down nearly 6% Thursday morning, weighing on the shares of some of its Big Tech peers. The slump slashed the stock’s year-to-date gain once as high as 24% to just 8%. Is it time to buy Microsoft shares ?

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