Microsoft shares fell 2.5 percent in pre-market trading on Friday, India time, after a major outage disrupted the company's Outlook, Teams and Copilot services worldwide, affecting businesses and government agencies.
At around 4:20 pm IST, Microsoft Corp. shares were trading at USD 510.03 per share on the NASDAQ, down 2.48 percent.
The selling pressure came as Microsoft's services remained disrupted on Friday, with the outage extending beyond 12 hours. The disruption affected communications across businesses and government organisations worldwide.
Microsoft shares had recovered some of their losses in the previous session, closing 0.3 percent higher. The stock had earlier declined 4.45 percent over two sessions amid renewed concerns about artificial intelligence posing a threat to traditional software-as-a-service businesses.
The concerns emerged earlier this week after AI major Anthropic announced a set of tools that could compete with Microsoft's Office suite, triggering selling in the company's shares.