OpenAI's losses + slow realization of AI performance, Oppenheimer downgrades Microsoft's rating to "in line with the market"

Investment bank Oppenheimer has downgraded Microsoft's stock rating from "outperforming the market" to "in line with the market", mainly due to overly optimistic expectations for future revenue and profit. Reasons for the downgrade include significant expected losses from OpenAI and slow adoption of AI technology by enterprises, which may result in lower-than-expected revenue. Analysts are concerned that OpenAI's losses will pressure Microsoft, while also expecting an increase in capital expenditures and depreciation expenses, impacting financial performance. Despite facing challenges, Microsoft's pricing strategy may help alleviate financial pressure