Microsoft appears headed for its longest daily losing streak in more than a decade, according to Bloomberg. The technology giant has faced mounting investor concerns over elevated capital spending on AI infrastructure amid questions about cloud service growth.

The company’s recent stock declines stem from investor worries over surging capital expenditures tied to the AI boom and related power constraints. Microsoft’s cloud business has faced scrutiny for potential growth slowdowns, contributing to extended underperformance against broader tech indices.

Similar pressures on AI-related spending have affected other tech firms, leading to broader sell-offs in the sector.