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Summary
Microsoft (MSFT) fell 2.20% to $533.16 on November 10, 2026, a steeper drop than the Nasdaq Composite's 0.74% decline.
Barron's tied the decline to Anthropic's launch of Claude Sheets, an AI spreadsheet tool it described as an Excel competitor.
Per Benzinga, Microsoft briefly overtook Nvidia as the world's second-most valuable company in the session, as Nvidia fell 5.47%.
Gotrade News - In the latest Microsoft stock news, shares of Microsoft (MSFT) fell 2.20%, or $12.02, to close at $533.16 on Tuesday, November 10, 2026. Financial media tied the drop in Microsoft stock to Anthropic's launch of Claude Sheets, an AI spreadsheet tool that Barron's described as an Excel competitor.
MSFT Trading Data
Data
Value
Closing price
$533.16
Change
-$12.02 (-2.20%)
Previous close
$545.18
Open
$542.98
Day range
$526.37 to $544.19
Volume
26.9 million shares
30-day average volume
24.2 million shares
52-week range
$349.20 to $559.15
Market cap
$3.96 trillion
Regular-session close on Tuesday, November 10, 2026, 4:00 p.m. New York time. Stock prices: Yahoo Finance, cross-checked against the closing price on Nasdaq.com. Volume and 30-day average volume: Nasdaq.com. 52-week range: Yahoo Finance daily highs and lows since November 11, 2025. Indices: Yahoo Finance daily closes for the same date. 10-year Treasury yield: U.S. Treasury daily par yield curve for the same date.
Microsoft opened at $542.98, below the prior close, and traded as high as $544.19 before sliding to a day low of $526.37. It finished $6.80 above that low, in the lower half of the day's range. Volume of 26.9 million shares ran 11.20% above the 24.2 million share average.
The decline was steeper than the broader market. The Nasdaq Composite fell 0.74% to 25,065.88, the S&P 500 slipped 0.38% to 7,520.93 and the Dow Jones Industrial Average lost 0.30% to 52,231.89, leaving Microsoft 1.46 percentage points behind the Nasdaq. The US 10-year Treasury yield rose 10.0 basis points to 4.98% in the same session.
Large technology peers were mixed. Nvidia (NVDA) dropped 5.47%, Apple (AAPL) slipped 0.62% and Alphabet (GOOGL) eased 0.27%, while Amazon gained 1.48%. After the session, Microsoft sits 4.65% below its 52-week high and 52.68% above its 52-week low.
The main reported cause was new competition for Excel, Microsoft's spreadsheet software. According to Anthropic's announcement on November 10, Claude Sheets lets teams and Claude "build spreadsheets together, collaboratively organize data, create and edit formulas, and work across multiple tabs." As reported by Engadget, files built in Claude Sheets can be exported to Excel, and the tool is in beta for Claude subscribers on web, desktop and mobile.
Barron's linked Microsoft's decline to the launch, describing Claude Sheets as an Excel competitor that lets customers build full spreadsheets from simple prompts. The publication also noted that Microsoft has ways to defend itself against the competition.
The session also reshuffled the market-value rankings. Per Benzinga, Microsoft briefly overtook Nvidia on Tuesday to become the world's second-most valuable company for the first time since June 2025, as fallout from Nvidia CEO Jensen Huang's admitted affair deepened Nvidia's selloff and erased the $1.84 trillion market-value lead Nvidia held on October 6. Benzinga noted that Nvidia regained second place by early afternoon.
Contracted demand: the same earnings report showed commercial remaining performance obligation up 73% to $677 billion and Microsoft Cloud revenue of $63.9 billion, up 30%.
In-house chips: Benzinga reported that Microsoft is developing its own Maia chips, which already handle some Copilot workloads, with plans to deploy them at a much larger scale starting in 2027.
Risks
New competition: Claude Sheets moves Anthropic into spreadsheet work, a launch Engadget framed as Anthropic taking on Google and Microsoft.
Heavy AI spending: Benzinga reported that Microsoft spent $45.2 billion on infrastructure last quarter, much of it benefiting Nvidia, whose chips power its AI services.
Relative weakness: Microsoft fell 1.46 percentage points more than the Nasdaq Composite, on volume 11.20% above average.
Benzinga added that Nvidia reports earnings on November 17, leaving the race for second place among the most valuable companies unsettled.
This article is for education and information only and is not investment advice. Investment decisions are yours to make after your own research.
Gotrade is the trading name of Gotrade Securities Inc., which is registered with and supervised by the Labuan Financial Services Authority (LFSA). This content is for educational purposes only and does not constitute financial advice. Always do your own research (DYOR) before investing.
M. Alfathan Rahman is a content writer with over 3 years of experience developing digital content strategies across various industries, including fintech. He has experience producing content for tax-related websites and financial education platforms. His focus areas include data research, and crafting financial articles that are informative, accurate, and accessible to investors of all experience levels.
Hendrie Saputra holds a Master of Business Administration (MBA) with a concentration in Business Risk & Finance, along with professional experience in finance, marketing, and project management. He is experienced in analyzing market data and developing research-driven business strategies.
