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Microsoft lost $357 billion in market cap as stock plunged most since 2020
Microsoft's shares dropped 10%, cutting $357 billion in market value after cloud growth missed estimates and revenue guidance was lowered for its computing segment.
- This Thursday, Oracle Corp shares fell as much as 6.5% amid a broad AI-led sell-off with no company-specific explanation cited.
- After peers reported, traders sold other enterprise-software names, amplifying the sectorwide rout that hit Oracle following Microsoft's mixed results.
- Oracle's capital and valuation show RPO jumped 438% to $523 billion, with $37.5 billion in capex and $18 billion in bond issuance, while shares trade at about 31 times earnings.
- Despite downgrades, sell-side analysts trimmed price targets, while the consensus sits just over $300, implying roughly 72% upside for Oracle Corp .
- TD Cowen warns equity and debt investors question Oracle Corp 's financing for its OpenAI contract buildout requiring $156 billion, with options including 20,000–30,000 job cuts or selling Cerner.
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New York, USA.- Microsoft's shares fell by about 10% this Thursday after a performance report that disappointed some investors, being the company's worst stock market session since March 2020, said El Norte. This drop reduced the market capitalization of the technology company by 357 billion dollars, placing it at 3.22 billion at the end of the day. Dragged by Microsoft, the overall market index (S&P 500) fell by 0.1%, while the Nasdaq Composite…
Coverage Details
Total News Sources76
Leaning Left16Leaning Right7Center25Last UpdatedBias Distribution52% Center
Bias Distribution
- 52% of the sources are Center
52% Center
L 33%
C 52%
15%
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