
Microsoft MSFT.O stock down 0.3% after co said it disabled certain cloud and AI services used by Israel Ministry of Defense, citing preliminary evidence of surveillance system in Gaza and West Bank
Co acted after internal review supported media reports of IDF using Azure for civilian phone data collection, per Guardian article
"We do not provide technology to facilitate mass surveillance of civilians," MSFT said in a blog post
MSFT said move does not affect its cybersecurity services to Israel or other Middle East countries
Stock up about 21% YTD, outperforming Nasdaq .IXIC, which rose 16%
MSFT recently traded at 32x expected earnings, just above 5-yr avg. forward PE of 30