Group 1: Market Reactions and Trends - Investors reacted negatively to Microsoft's earnings results, leading to a decline in all three major US indexes, with Microsoft's stock plunging 12% after announcing a 66% increase in spending on data centers [4][13][21] - The tech-heavy Nasdaq Composite fell 2% to 23,352 points, driven by losses in major tech stocks, while the S&P 500 and Dow Jones Industrial Average also experienced declines [23][21] - Bitcoin has seen significant losses, dropping 5% to $85,225, marking a total decline of over 16% in the past year [19][3] Group 2: Commodity Market Dynamics - Gold prices surged past $5,500 an ounce for the first time, reflecting a nearly 100% increase over the past year, while silver prices skyrocketed by 285% during the same period [6][51] - The demand for safe-haven assets like gold and silver has increased due to geopolitical uncertainties and concerns over the weakening US dollar, which recently fell to a four-year low [9][50] - Analysts warn that the current surge in precious metals may be entering a "dangerous phase," as fear of missing out could drive prices beyond justified levels [7][51][52] Group 3: Economic Indicators and Trade Deficit - The US trade deficit nearly doubled in November to $56.8 billion, up from $29.2 billion in October, with a significant portion attributed to imports from the European Union facing tariffs [16][35] - The Federal Reserve's decision to hold interest rates steady has contributed to market volatility, with concerns about rising inflation and the impact of tariffs on trade dynamics [64][35] - Oil prices have reached a seven-month high, driven by geopolitical tensions, particularly threats from the US against Iran, with Brent crude rising over 5% to exceed $71 a barrel [17][30]

Core Viewpoint - Microsoft's reliance on OpenAI for future revenue is becoming a source of anxiety due to the concentration of its remaining performance obligations (RPO) tied to OpenAI contracts, which constitutes about 45% of its backlog [1][2]. Group 1: Remaining Performance Obligation (RPO) - RPO, or remaining performance obligation, represents the backlog revenue Microsoft expects to recognize from already signed contracts [1]. - The concentration of RPO tied to OpenAI raises concerns as the AI landscape evolves, particularly with the potential for model commoditization and competition from rivals like Amazon [2]. Group 2: Competitive Landscape - Investors are questioning the durability of demand for OpenAI's services if its compute spending shifts or is shared with competitors [3]. - The focus in the AI race is shifting from model development to product offerings, with competitors like Anthropic gaining attention for their innovative approaches [3]. - OpenAI's upcoming model, GPT-6, expected in the second quarter, may help restore its competitive narrative, but Microsoft may not benefit as significantly as it has in the past [4].

Core Viewpoint - U.S. stocks are experiencing a downturn, particularly in the software sector, with Microsoft facing significant declines despite beating earnings and revenue forecasts due to concerns over slower growth in cloud computing and increased spending on AI infrastructure [1][2]. Group 1: Software Sector Performance - Microsoft shares fell 12%, marking their worst day since March 2020, as investors reacted negatively to its fiscal second quarter results [2]. - Other software companies, including ServiceNow, SAP, and Salesforce, also experienced heavy selling, indicating a broader trend of investors wanting to exit the software sector [2]. - The S&P 500 index decreased by 0.68%, the Nasdaq dropped by 1.45%, and the Dow fell by 0.17%, reflecting overall market struggles [2]. Group 2: Performance Outside Software Sector - Companies outside the software sector showed better performance, with Caterpillar and Mastercard reporting improved year-over-year quarterly results [4]. - Lockheed Martin forecasted 2026 earnings above Wall Street expectations, indicating strong prospects in the defense sector [4]. - Southwest Airlines projected strong full-year profits, and IBM exceeded earnings estimates in its fiscal year-end results [4]. - Meta reported strong sales in the first three months of its fiscal year, highlighting resilience in the social media space [4]. Group 3: Gold Market - Gold prices experienced volatility, reaching a record high above $5,500 per ounce before falling as investors took profits, but they later recovered to show a 1.19% increase [3]. - Despite the recent decline, gold is on track for its best month since the 1980s, driven by economic and geopolitical uncertainties [3].

Microsoft’s (MSFT) second-quarter financials were a classic “good news is bad news” paradox. While the multinational handily topped Street estimates for both profit and revenue, its stock still cratered 13% on Jan. 29, as cloud business growth failed to impress shareholders. The selloff has even pushed Microsoft stock decisively below its 50-day moving average (MA), indicating continued pressure could follow in the weeks ahead. More News from Barchart Following the post-earnings plunge, the tech behemo ...

Software Sector Performance - The software sector is experiencing a significant sell-off, with the iShares Expanded Tech-Software ETF (IGV) down over 5%, marking a decline not seen since tariff Liberation Day [6] - Major tech indices, including the Nasdaq, are also affected, alongside declines in bitcoin, gold, and silver [6] Microsoft and ServiceNow - Microsoft (MSFT) shares have dropped approximately 12%, potentially marking the seventh-worst decline in its history, despite reporting solid quarterly results [7] - Analysts indicate that the focus has shifted from demand to capacity timing and allocation, with a 66% year-over-year increase in capital expenditures raising investor concerns about the effectiveness of this investment in driving Azure growth [7] - ServiceNow (NOW) has seen a decline of over 10% despite reporting a 21.5% growth in subscription revenue, which analysts believe does not indicate acceleration [8] Other Software Companies - Other companies such as Atlassian (TEAM), Salesforce (CRM), Workday (WDAY), and DataDog (DOG) are also experiencing significant declines [8] Caterpillar's Performance - Caterpillar (CAT) reported fourth-quarter sales of $19.1 billion, exceeding the consensus estimate of $17.76 billion, with adjusted EPS of $5.16, surpassing the expected $4.71 [9] - The power and energy sales segment increased by 23% to $9.4 billion, with power generation revenue rising 44% to $3.24 billion, driven by demand related to data centers and AI applications [10] Altria and Joby Aviation - Altria (MO) is facing pressure after slightly missing profit estimates in Q4, while targeting mid-single-digit annual dividend-per-share growth through 2028 [11] - Joby Aviation (JOBY) is declining after announcing a $600 million offering of convertible senior notes and selling approximately 52.9 million shares of common stock at $11.35 per share [11] Barry Diller's Interest in CNN - Barry Diller has expressed interest in acquiring CNN and approached Warner Bros. Discovery (WBD) regarding a deal last year, although no serious action was taken on his approach [12][13]

Nasdaq Pulls Back From Lows. It's Still Taking a Beating.CONCLUDED[Stock Market News From Jan. 29, 2026: Nasdaq Slides as Microsoft Gets Pummeled]Last Updated:---7 hours ago# Nasdaq Pulls Back From Lows. It's Still Taking a Beating.By[Connor Smith]The Nasdaq Composite pulled off its lows, but software stocks were still getting hammered.The tech-heavy index was down 1.4%, after falling more than 2.5% earlier in the session. The S&P 500 was down 0.7%. The Dow was down 100 points, or 0.2%.The iShares Expanded ...

ToplineFormer Microsoft CEO Steve Ballmer’s net worth was cut by more than $14 billion on Thursday as the company’s stock plummeted, pacing what would be the tech giant’s worst single-day loss in nearly six years after revenue from its cloud-computing unit failed to grow as expected. Revenue from the company’s cloud computing unit failed to meet analysts’ expectations. Getty ImagesKey FactsShares of Microsoft plunged by 12% to around $423.50 as of 12:55 p.m EST, the largest intraday loss for the stock since ...

Core Insights - U.S. stocks ended flat following the Fed's decision to keep interest rates unchanged, with only two governors dissenting for a rate cut [1] - Fed Chair Powell indicated that future rate hikes are not the base case, but economic growth may challenge further easing [2] - Treasury Secretary mentioned a potential dovish pick for Fed Chair could positively impact major indexes, particularly the Nasdaq [3] Microsoft Earnings Overview - Microsoft reported fiscal Q2 2026 results with revenue of $81.3 billion, a 17% year-over-year increase, surpassing expectations [6] - Cloud revenue reached $51.5 billion, up 26%, highlighting its role as the primary growth engine [6] - Intelligent Cloud division generated $32.9 billion in revenue, up 29%, with Azure services growing 39% [7] Segment Performance - Productivity and Business Processes contributed $34.1 billion, up 16%, driven by Microsoft 365 [8] - More Personal Computing saw a 3% decline to $14.3 billion due to weaker gaming and devices [8] Market Reaction and Future Outlook - Despite strong earnings, Microsoft shares fell approximately 12% in early trading, attributed to concerns over high capital expenditures and potential margin pressures [9] - The results indicate sustained leadership in cloud and AI, with strong visibility from commercial performance obligations [10] - The post-earnings pullback may present a buying opportunity if AI adoption continues, reinforcing Microsoft's position in technology portfolios [11] - Azure's AI momentum remains a key growth driver for Microsoft, despite significant upfront investments [12]

格隆汇1月30日丨Saxo Markets英国投资策略师尼尔·威尔逊表示："黄金和白银的价格似乎因自身过度膨 胀而达到的创纪录高位而遭受重创。铜价也大幅下跌。金属和外汇市场出现了极度的波动，这导致了严 重的混乱局面，并可能对股市情绪造成严重冲击。标普500指数一度跌破6900点，微软股价暴跌11%。 就金属市场而言，目前的情况看起来相当混乱。" MACD金叉信号形成，这些股涨势不错！ ...

Group 1: Market Overview - The US trading day shows a divergence in major averages, with the Dow down about 104 points (0.25%), the S&P 500 down 0.7%, and the Nasdaq down 1.5% [2][3] - Microsoft is a significant contributor to the Nasdaq's decline, with its shares falling over 11% due to concerns over its capital expenditure plans despite beating second-quarter earnings estimates [8][10] - Meta, in contrast, is up 8.5%, indicating a mixed performance among tech stocks [4][5] Group 2: Microsoft Earnings and Capex - Microsoft reported strong Azure growth, adding approximately $9 billion in annual recurring revenue (ARR) sequentially, but its capex spending plans have raised investor concerns [14][15] - The Azure growth rate was 38% in constant currency, slightly below expectations, contributing to the stock's decline [14][15] - Analysts note that Microsoft's capex is necessary to address capacity constraints and build out data centers, which will take time to translate into revenue [12][16] Group 3: AI and Software Industry Insights - The software industry is experiencing a shift towards AI, with companies like Microsoft and Meta investing heavily in AI capabilities [10][31] - Microsoft Fabric reached $2 billion in ARR, up 60%, indicating strong demand for its AI-driven products [19] - Concerns exist about the sustainability of software companies in the face of AI advancements, but there is potential for significant growth through innovation and customer engagement [30][35] Group 4: Commodities and Economic Indicators - Oil prices have risen over 4%, with WTI at $66 per barrel, while gold and silver prices are also increasing, indicating a commodity super cycle [6][7][68] - Central banks have been significant buyers of gold, purchasing approximately 863 tons recently, contributing to rising gold prices [63] - The US dollar continues to decline, impacting the broader market and commodity prices [6][52] Group 5: Tesla's Strategic Shift - Tesla plans to shift focus from electric vehicles to robotics and autonomous vehicles, with a projected $20 billion in capital expenditures for production improvements [102][103] - The company will wind down production of its Model S and Model X, marking a significant strategic pivot [99][101] - This shift may lead to negative free cash flow in the short term but aims to position Tesla for long-term growth in autonomous technology [102][103]