// COMPARE

Microsoft fell 1.3% to $415.12 as reports surfaced about its troubled African data center expansion. The stock has lagged mega-cap peers all year.

MSFT is the odd one out in the AI rally — 25% off highs while peers flirt with records. Azure growth deceleration and heavy capex spending are eroding the bull case.

$410 support has held since April. Break below exposes $400. Needs a positive Azure growth data point to rejoin the AI rally.

S&P closed at 7,398.9, within 3 points of its all-time high. Tech and semis led the charge as AI capex optimism overrode Iran headlines.

The market is pricing peak earnings growth — AI spending is accelerating faster than even bulls expected. Breadth is narrowing though, which historically precedes corrections.

Intraday ATH test at 7,401.5 is imminent. Clean break targets 7,500. CPI miss Tuesday could trigger the breakout; hot CPI kills it.