Microsoft shares fell 2.28% to $403.85 on February 11, 2026, as investors weighed a new sovereign cloud collaboration in France against persistent AI infrastructure bottlenecks. While Wedbush analyst Daniel Ives remains bullish, the stock was pressured by guidance confirming that Azure remains capacity-constrained.
- Microsoft expects AI demand to outpace supply through the fiscal year-end, resulting in lost revenue opportunities.
- The company is committing to massive capital expenditures and new data center efficiency plans to scale its infrastructure.