Microsoft stock: MSFT reels after $360 billion wipeout as AI spending takes center stage
Microsoft shares fell 10% Thursday, erasing $360 billion in market value after the company reported record quarterly capital expenditures of $37.5 billion and a 39% jump in Azure revenue. The sell-off dragged the Nasdaq Composite down 0.72%. Investors focused on surging AI-related costs and cloud expansion risks. Traders are watching next week’s tech earnings and the Feb. 6 U.S. jobs report for further signals.