Microsoft(US:MSFT) Xin Lang Cai Jing·2026-01-29 23:31Market Overview - The market experienced a sudden and widespread crash, affecting gold, silver, and stock markets simultaneously [1][10] - Precious metals saw significant declines, with silver dropping by 8% and gold falling below $5200 per ounce [2][10] Precious Metals - Spot silver experienced a sharp decline, reaching a low of $108.97, down 6.62% from previous levels [11] - Spot gold also fell significantly, with the latest price at $5164.66, marking a decrease of 4.62% [12] Stock Market - U.S. tech stocks faced a dramatic drop, with Microsoft experiencing an unprecedented decline of over 10%, potentially marking its largest single-day drop since March 16, 2020 [5][14] - The Nasdaq Composite Index fell by more than 2%, while the Dow Jones and S&P 500 indices also reported losses of 0.50% and 1.29%, respectively [5][14] Individual Stock Performance - Major tech companies saw substantial declines, including Microsoft at $425.13 (-11.73%), Salesforce at $208.97 (-8.33%), and Oracle at $162.90 (-5.73%) [16] - The overall trend indicates a lack of confidence in the sustainability of AI spending and its ability to support massive capital expenditures [16][17] Economic Context - The Federal Reserve maintained interest rates, while former President Trump called for lower borrowing costs in the U.S. [18] - Bitcoin fell below $86,000 for the first time in about six weeks, reflecting the broader risk asset retreat [18][19]