Microsoft loses $381 billions in market value in two days, revealing the beginning of a split in the artificial intelligence investment wave

Glonghui, February 2nd｜Microsoft's financial report released on Wednesday showed a slowdown in Azure cloud computing business growth, and the company expects capital expenditures to exceed $100 billions this year. In the following two trading days, Microsoft’s stock price plummeted, wiping out $381 billions in market value. Ultimately, Microsoft recorded its worst week since March 2020. “We have clearly entered a stage where only when AI-related capital expenditures truly materialize can the current valuations of tech stocks be justified,” said Josh Chastant, portfolio manager at GuideStone Funds, which holds Microsoft shares. Many investors have actually begun to partially withdraw their bets on tech stocks. The Magnificent Seven index has fallen 1.5% since hitting a record high three months ago, while the S&P 500 index has risen 0.7% over the same period.