$357 Billion Evaporated! Microsoft Plummets: Is the Death Knell for the AI Bubble Officially Sounding?
Microsoft's stock plummeted 7% in a single day, erasing $357 billion in market value, despite reporting strong quarterly results with a 23% profit increase and record revenue of $81.3 billion. The decline was driven by concerns over slowing Azure growth (38% vs. previous 39%) and rising capital expenditures. High hardware prices, especially for HBM memory, squeezed cloud margins, dropping profitability to around 67%. Heavy reliance on OpenAI—45% of future cloud contracts—and competition from low-cost open-source AI alternatives added to investor anxiety. While Microsoft benefits from paper gains on its OpenAI stake, markets are questioning the sustainability of its capital-intensive AI model and its ability to monetize next-gen services like Copilot effectively.
比推01/30 00:23
