Microsoft, cloud sales
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Microsoft lost $357 billion in market cap
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Microsoft yanks Wall Street
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Microsoft’s stock has plummeted 12% due to a slight miss on revenue, showing how spooked investors are by the "spend now, profit later" AI market
Microsoft dropped 10%, shedding more than $350 billion in market value after its cloud business failed to impress, while Meta gained 10%.
With Microsoft spending many billions on data centers, and rumors that no one is using its AI, CEO Satya Nadella shared some usage numbers.
Engineers are now focusing on performance, reliability, and the overall Windows experience.
OpenAI and Microsoft have a reconfigured relationship. The software giant revealed just how much OpenAI is driving its RPO.