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Microsoft sell-off etches $400 billion hole in market, second highest on record
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FXStreet Forex & Commodities News
Microsoft sinks harshly after impressive earnings beatMicrosoft's major sell-off wiped away $400 billion in market cap — the second-largest, single-day market cap loss in US stock history after Nvidia's January 27, 2025, session that witnessed $600 billion evaporate.
Revenue of $81.3 billion came in more than $1 billion ahead of consensus as well.
Microsoft stock daily chart and technical analysisMaybe we should have seen this coming?
The first thing to notice on the daily chart below is that MSFT stock has drifted below the May 1, 2025, bullish gap.
As it stands, the Relative Strength Index (RSI) is now at 31, making MSFT stock a technical buy for most risk profiles.