Microsoft’s $357B Wipeout Triggers Tech Sector Tremors While Crypto Markets Hold Steady
Microsoft's market value plummeted $357 billion after its Azure cloud growth missed Wall Street expectations by 0.4 percentage points. The tech giant's disappointing Windows forecast and contracting margins sparked a sector-wide selloff, dragging the iShares Expanded Tech-Software ETF down 5%.
Meanwhile, cryptocurrency markets showed remarkable stability despite the equity turmoil. Major tokens including BTC and ETH held key support levels, with decentralized infrastructure tokens like FIL and DOT outperforming. Exchange volumes remained robust across Binance, Coinbase, and Bybit as traders reallocated from traditional tech stocks.
"When cloud giants stumble, decentralized alternatives gain appeal," noted a blockchain analyst at TD Cowen. The divergence was stark: while Microsoft bled, crypto-native projects like Ethereum's ENA and Polygon's MNT posted gains, suggesting capital rotation into Web3 infrastructure plays.
