Overview
- Microsoft shares fell roughly 10% in a single session after results refocused attention on slowing Azure momentum and higher-than-expected expenses.
- The company reported $81.3 billion in revenue and disclosed $37.5 billion in capital expenditures, mostly for AI infrastructure, up about 66% to 89% from a year earlier.
- Microsoft detailed about $625 billion in remaining cloud contracts, with analysts reporting that roughly 45% is tied to OpenAI, raising concentration concerns.
- The selloff pressured software peers and major U.S. indexes even as Meta rallied on a stronger revenue outlook; the Dow, S&P 500, and Nasdaq finished lower on Friday.
- Gold fell around 11% and silver more than 30% following news of President Trump’s Fed nominee Kevin Warsh, while oil rose over 3% after Trump’s comments on Iran.