Microsoft's stock is taking a hit, down 12% and on track for its biggest drop in nearly 6 years. The company's slowing cloud growth, particularly in Azure, is raising concerns among investors. Azure's revenue growth came in at 38%, slightly missing aggressive expectations. The real kicker is Microsoft's record-high capital spending, up 66% YoY to $37.5 billion, largely driven by AI infrastructure investments. $BULLA

Investors are worried about the return on these investments and the impact on margins. Microsoft's reliance on OpenAI, which accounts for 45% of its $625 billion backlog, is also raising single-point-of-failure concerns. $SENT $ROSE