Tech Stocks Lost $1 Trillion After Azure's 48% Met Expectations, Not Beat Them
· techtimes.com · popularity 17/100 · 0 similar stories today · Entrepreneurship & Startups (Business & Finance)
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Summary
Tech stock selloff on Oct. 29-30 erased more than $1 trillion in market value even as Microsoft Azure posted 48% growth and Google Cloud doubled revenue, revealing that investor patience for Big Tech's $800B AI capital spending cycle has a measurable limit when BOJ rate hikes, $103 oil, and bond-market debt financing converge.
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