TCI sells billions in Microsoft stake due to AI concerns

TCI sharply cut its Microsoft stake from about 10% of its portfolio to roughly 1%, effectively selling an estimated $8 billion position.

The fund cited fears that rapid AI advances could erode Microsoft’s Office franchise and put pressure on Azure.

TCI boosted its Alphabet holding, making Google’s parent its largest technology bet.

The move reflects growing investor concern that Microsoft’s AI spending may not fully shield its core businesses from disruption.