Microsoft’s $357 Billion Rout Is Worst Since Deepseek Hit Nvidia
A welcome message on the DeepSeek artificial intelligence mobile app.
Photographer: Andrey Rudakov/BloombergMicrosoft 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.