Microsoft Stakeholder Cuts Holdings by 28.1% Amid Azure Expansion

Cim LLC has reduced its stake in Microsoft Corporation (NASDAQ:MSFT) by 28.1% in the first quarter, according to a recent SEC filing.

The institutional investor now owns 9,653 shares of Microsoft's stock after selling 3,771 shares during the quarter. Cim LLC's holdings in Microsoft were valued at $3,573,000 as of its most recent SEC filing.

Microsoft has been expanding its Azure services and investing heavily in artificial intelligence (AI), which has contributed to its growth and profitability. The company reported a revenue of $90.01 billion in the last quarter, beating analysts' expectations.