** Microsoft MSFT.O is down 1.43% in premarket trading
** Microsoft will be front and center in this economic period of uncertainty," says Wedbush, slashing the stock's PT to $475 from $550
** Wedbush expects the pause in tariffs will add more uncertainty to capex spending for China-exposed US tech companies with the brokerage viewing this quarter as a 'mulligan for Microsoft' and for rest of the tech sector
** 90-day tariff pause has eased recession fears, but the real spending impact will be seen during the upcoming earnings season, adds Wedbush
** Other tech stocks are also down with Tesla TSLA.O leading with a 3.74% decline, while Nvidia NVDA.O slips 3.72%; Amazon.com AMZN.O and Meta Platforms META.O down 2.51% and 2.83%, respectively
** Apple AAPL.O and Alphabet GOOGL.O down 2.85% and 2.19%, respectively
** Avg. rating of 60 analysts covering MSFT is "buy"; median PT $497 — data compiled by LSEG
** Up to last close, MSFT stock had fallen ~7.4% YTD
(Reporting by Akriti Shah in Bengaluru)
((akriti.shah@thomsonreuters.com))
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