** 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))