Market Chatter: Hedge Fund TCI Slashes Microsoft Stake to 1% of Portfolio

MT Newswires Live05-08 22:19

Hedge fund TCI cut its stake in Microsoft (MSFT) from 10% of its portfolio at the end of last year to 1% at the end of March, the Financial Times reported Friday, citing an investor letter it reviewed.

TCI told investors that artificial intelligence poses a threat to the tech giant's software products, the report said, citing the letter.

TCI and Microsoft didn't immediately reply to requests for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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