The post shares information about the recent IT crash, the current position of Microsoft stock, and the way this outage has affected markets globally.

Highlights

• The Microsoft outage has severely affected a wide range of industries across the world. As a result, the price of Microsoft stock also came down.

• This kind of outage in the IT sector is not a common scenario. Hence, various economies of the world faced a major financial disruption.

• Microsoft shares were marked in red. This is a clear hint of stock devaluation that happened because of the outage.

The Effect on the Microsoft Stock after the Outage

The outage brought the stock exchanges down in the blink of an eye. The technical glitch caused a disruption in multiple markets on a worldwide level. Apart from the stock market, the major segments that became harshly affected are the banking industry, aviation sector, broadcasting, and hospitality sector.

After this major IT blunder not only the price of Microsoft stock has come down but the situation has also affected the stock price of CrowdStrike.

The outage happened on the 19^th of July 2024 and during that day Microsoft stock went down by 0.53%. As of now, the share prices are down by 0.74% the next day. CrowdStrike is the company responsible for handling Microsoft’s cybersecurity issues. The price of CrowdStrike shares has fallen around 11%.

The Reason behind the Glitch and Its Impact

The main cause behind the glitch was a new update by CrowdStrike. There was a bug in the update and it led to the appearance of the blue screen of death. As a result, the services of innumerable industries came to a halt. The market players like banks, broadcasting channels, media-based operations, airlines, and stock markets suffered huge losses in a single day.

Investor sentiments have been deeply impacted across the globe. Stock markets witnessed a total lag. Undoubtedly, it has put a question on the credibility of one of the big giants like Microsoft. Moreover, people are now questioning the trustworthiness of Microsoft-based services.

The Recent Valuation of Microsoft Stock

Currently, the valuation of Microsoft stock stands at 437.11 USD. It is not a very big downfall in terms of stock valuation as compared to previous days, but it is still a setback for a company like Microsoft.

The two main affected services because of this IT fault are namely the Microsoft 365 application services and Azure cloud-based services.

Microsoft stock Conclusion

Nobody would have thought that a single outage in the IT sector could pause the functioning of so many industries. Leaders of various economies contacted the Microsoft Corporation for fast resolution.

The incident clearly shows that even a giant like Microsoft can make mistakes and there is always room for better implementation of IT services. The company has taken major steps for the recovery process and most of the aspects have been optimized. Without a doubt, Microsoft stock price has come down. The company is now taking some decisive steps to forbid such a scenario in the future. For various finance news and stories do like and subscribe to Financereview.Org