Microsoft's market value evaporated by more than 2.4 trillion overnight.

Overnight, Microsoft's stock price plunged by 10%, causing a market value evaporating of 357.7 billion US dollars, which became the second largest single-day market value loss on record. This news reignited concerns in the market about the huge investment in AI infrastructure by Silicon Valley, dragging down Wall Street as a whole. Tesla fell by more than 3%, Oracle fell by more than 2%, Meta rose by more than 10%, and IBM rose by more than 5%.