Market Overview - The stock market closed mostly lower, with the Dow managing to finish slightly in the green, while the NASDAQ experienced its worst day in several months [1][2][3] - The S&P 500 ended with a minor loss of about 13 basis points, while the Russell 2000 small-cap index was also slightly down [3] Company Performance - Microsoft saw a significant drop, down approximately 10% at its lows, marking its worst performance in several months [4] - Tesla also declined by 3%, while Meta's stock rose by 10%, contributing to a strong performance in the communication services sector [4][5] - SanDisk reported a revenue of $3.03 billion, exceeding expectations of $2.68 billion, and its earnings per share came in at $620, significantly higher than the expected $344 [22][23] - SanDisk's stock has surged over 90% year-to-date, driven by high demand for memory products in the AI sector [24][25] Sector Analysis - The communication services sector reached a record high, while technology was the worst-performing sector, down 1.6%, primarily due to poor performance in software stocks [5][6] - The software industry faced widespread declines, with companies like SAP down 15% and Atlassian down 10% [6][7] - In the semiconductor space, companies like Lamb Research and KLA saw gains of about 3.5%, indicating a mixed performance within the sector [7] Geopolitical Impact on Oil - Crude oil prices rose to their highest levels since September, influenced by President Trump's threats of military action against Iran, which has led to a risk premium in the oil market [11][12] - Analysts noted that the market is not currently pricing in a full-scale conflict but is reacting to operational signals and geopolitical tensions [12][13] Housing Market Insights - US mortgage rates are holding steady at 6.1%, the lowest in three years, but housing affordability remains a challenge due to high home prices [44][45] - The "lock-in effect" is causing homeowners with low-rate mortgages to keep their homes off the market, contributing to tight inventory levels [48][50] - New home listings have increased, but they are still 20% below pre-pandemic levels, indicating a slow recovery in housing supply [50][56] Future Outlook - Analysts expect continued high demand for memory products, particularly in AI infrastructure, but caution against potential oversupply in the future as production ramps up [39][42] - The housing market may see improvements in inventory levels, but significant policy changes at the state and local levels are needed to address long-term supply issues [52][56]

Microsoft, Meta, Tesla, Joby Aviation, Royal Caribbean, and More Stock Movers - Barron'sSkip to Main ContentThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.# These Stocks Are Today's Movers: Microsoft, Meta, Tesla, Joby Aviation, SAP, Royal Caribbean, and MoreBy [Mackenzi ...

Core Insights - Microsoft reported Azure growth of 38%, missing the expected 40%, attributed to significant GPU capacity being utilized for in-house applications rather than revenue-generating activities [1] - In contrast, Meta has seen a positive impact on ad convergence from AI applications, highlighting a gap in Microsoft's narrative regarding business uplift from their AI initiatives [1] Azure Performance - Azure's growth rate is a critical metric for Microsoft, and the recent performance indicates a need for more revenue-generating applications [3] - The company is bundling products like GitHub and Office Co-pilot, but growth rates in these areas have not improved significantly [3] Capital Expenditure (CapEx) - Microsoft reported a CapEx of $37.5 billion for the quarter, a 66% increase from the previous year, raising questions about market comfort with such spending [4] - Comparatively, Meta announced a 70% increase in CapEx for 2026, which was well-received by the market due to their revenue growth expectations [5] Competitive Landscape - Microsoft faces competition from companies like Google and Anthropic, which are releasing their own AI products that may outperform Microsoft's offerings [9][10] - The reliance on OpenAI for AI capabilities is seen as a weakness compared to competitors that have vertically integrated solutions [11] Market Sentiment - The software sector, including Microsoft, has experienced significant drawdowns of 40-50% over the past three months, driven by concerns over potential disruptions in the software market [8] - Despite the recent downturn, there is a belief that the market reaction may be an overreaction, as there are no fundamental issues with Microsoft's performance [14]

Market Overview - Stocks are lower, primarily driven by a significant decline in Microsoft shares, which has negatively impacted the S&P 500 and NASDAQ indices [1][3][8] - The Dow Jones Industrial Average is down 111 points, with a peak decline of over 300 points earlier in the day [2] - The NASDAQ experienced its worst day in a month, dropping over 2.5% at its lowest point [2][3] Company Performance - Microsoft shares fell by 12%, marking its worst day in months, while Meta shares rose by 10%, indicating a strong performance in the communication services sector [4][5] - Other tech companies, including Oracle, SAP, and Salesforce, also saw declines, with SAP down 16% and Salesforce down 7% [6] - The software sector ETF (IGV) is deep in the red, reflecting widespread selling pressure across major software stocks [40] Sector Analysis - The communication services sector is up 2.4%, reaching a record high not seen since last year, while the tech sector is down 2.4% [5] - Energy and real estate sectors are also performing well, with both sectors up more than 1% [5] - Concerns about AI spending are weighing heavily on the software sector, with analysts suggesting that investors are shifting focus to sectors with clearer growth prospects [39][41] Economic Indicators - The bond market shows a slight decrease in yields, with the 10-year Treasury note yield down to 4.22% and the 30-year yield at 4.85% [4] - The US dollar index is slightly negative, indicating a potential shift in currency dynamics [4] Consumer Insights - Despite low consumer confidence reported, retail sales remain solid, supported by lower gas prices and a resilient consumer base [19][20] - There is a noted dichotomy in consumer behavior, with high-end consumers showing stronger spending compared to lower-income consumers [20] Investment Strategies - Analysts suggest that the current market environment presents buying opportunities in sectors like small caps and fintech, which are expected to benefit from ongoing economic growth [14][15][66] - The fintech sector is highlighted as a key area for investment, particularly companies that aim to disrupt traditional financial systems and improve affordability for consumers [66][67]

Core Viewpoint - Microsoft's stock declined due to the company's decision to focus on internal AI development rather than prioritizing immediate cloud revenue [1] Group 1 - The decision to prioritize AI development indicates a strategic shift that may impact short-term financial performance [1] - Investors reacted negatively to the news, leading to a significant drop in stock price [1] - The emphasis on AI suggests a long-term vision that could reshape the company's market position [1]

US weekly initial unemployment claims fell -1,000 to 209,000, showing a slightly weaker labor market than expectations of 205,000. However, continuing claims fell -38,000 to a 6-month low of 1.827 million, showing a stronger labor market than expectations of 1.850 million.WTI crude oil (CLH26) prices jumped more than +3% to a 4.25-month high on Thursday to lift energy producers after President Trump on Wednesday said that he wants Iran to come to the table and negotiate a nuclear deal that is “a fair and eq ...

微软首席执行官萨提亚· 纳德拉 微软发布的财报令部分投资者感到失望，公司股价周四重挫约10%，创下2020年3月以来的最大单日跌 幅。 此次股价大跌导致这家科技巨头市值缩水3570亿美元，截至周四收盘，其市值降至3.22万亿美元。 安硕扩展科技软件板块交易型开放式指数基金周四暴跌5%，而科技股占比极高的纳斯达克综合指数当 日收盘微跌0.7%，不过并非所有科技股均走弱。 Meta昨日发布强劲业绩及季度营收指引，惊艳分析师，公司股价周四暴涨10%。 投资者在微软的财报中发现了几处不尽如人意的地方。 作为核心指标的Azure云服务及其他云业务营收增速录得39%，低于华尔街财经数据平台Street Account 给出的39.4%市场一致预期；公司预计财年第三季度，包含视窗系统在内的"更多个人计算"业务板块营 收约为126亿美元，低于市场137亿美元的一致预期，该新季度的隐含营业利润率也未达预期。 微软首席财务官埃米·胡德表示，若公司将更多数据中心基础设施分配给客户，而非优先满足内部需 求，云业务的业绩表现本可以更好。 她称："如果我将今年第一、二季度新上线的图形处理器全部调配至Azure云服务，这项关键业绩指标的 ...

Microsoft Corp. shares got caught up in a selloff Thursday that wiped out $357 billion in value, second-largest for a single session in stock market history. The software giant’s stock closed down 10%, its biggest plunge since March 2020, following Microsoft’s earnings after the bell Wednesday, which showed record spending on artificial intelligence as growth at its key cloud unit slowed. Most Read from Bloomberg The only bigger one-day valuation destruction was Nvidia Corp.’s $593 billion rout last ye ...

Core Insights - Microsoft has launched its first AI chip, the Maia 200, in its data centers and plans to expand its deployment in the coming months [1] - The Maia 200 chip is designed for AI inference, optimized for running AI models in production, and reportedly outperforms Amazon's Trainium and Google's TPU [2] - Microsoft continues to rely on partnerships with Nvidia and AMD for chip supply despite developing its own chips [3][4] Company Developments - The Maia 200 will be utilized by Microsoft's Superintelligence team, which is focused on developing the company's own AI models to reduce reliance on external providers like OpenAI and Anthropic [5] - The chip will also support OpenAI's models on Microsoft's Azure cloud platform, highlighting the ongoing challenge of accessing advanced AI hardware [7] - Mustafa Suleyman, leading the Superintelligence team, expressed excitement about the launch, indicating the significance of the Maia 200 for their AI model development [8] Industry Context - The trend among cloud giants to develop proprietary AI chips is driven by the challenges and costs associated with acquiring advanced chips from Nvidia, amidst a supply crunch [3] - Microsoft's strategy includes a balance of vertical integration while maintaining partnerships with other chip manufacturers, emphasizing the importance of collaboration in innovation [4]

每经AI快讯，1月30日，微软股价下跌10%，市值蒸发3570亿美元。 （文章来源：每日经济新闻） ...