Summary

Microsoft shares plummeted 10% on January 29th, wiping out $452 billion in value, following an earnings report showing record AI spending and slowing cloud growth. This sell-off, the second-largest in stock market history, reflects investor skepticism about the profitability of Big Tech’s substantial AI investments.

https://www.straitstimes.com/business/companies-markets/microsoft-suffers-451-billion-stock-rout-as-investors-question-ai-spending?ref=top-stories