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Microsoft lost $357 billion in market cap as stock plunged most since 2020 (www.cnbc.com)

submitted 1 day ago by sorghum@sh.itjust.works to c/technology@lemmy.world

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My biggest impressions from the article

Microsoft shares slid about 10% on Thursday following an earnings report that disappointed some investors, prompting the stock’s sharpest daily decline since March 2020.

Microsoft’s finance chief, Amy Hood, argued that the cloud result could have been higher if it had allocated more data center infrastructure to customers rather than prioritizing its in-house needs.

“If I had taken the GPUs that just came online in Q1 and Q2 in terms of GPUs and allocated them all to Azure, the KPI would have been over 40,” she said.

Analyst Ben Reitzes of Melius Research, with a buy rating on Microsoft stock, said during CNBC’s “Squawk on the Street” on Thursday that Microsoft should double down on data center construction.

“I think that there’s an execution issue here with Azure, where they need to literally stand up buildings a little faster,” he said.

LMAO, the analysts and C level execs are going to accelerate the fall of Micro$lop.

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[–] chunes@lemmy.world 29 points 22 hours ago* (last edited 22 hours ago) (2 children)

Someone needs to engineer a virus that removes whatever defect humans have in their DNA that causes civilization-imperiling greed.

[–] BarneyPiccolo@lemmy.today 13 points 19 hours ago* (last edited 19 hours ago) (1 children)

The problem is only a few humans with OCD that manifests as financial hoarding. They have more money than they or their descendants could ever spend, and yet they are driven to accumulate more, despite the obvious deleterious effects on society and the world.

If they were hoarding cats, or old newspapers, or rusty cars, etc., we'd step in, get them mental health help, and clean up the mess.

But since it's money, we praise them for their success, and make it easier for them to indulge their mental illness even more. Sometimes we even GIVE them more money for free, just because it makes them so happy.

It's time to stop indulging these lunatics. Take their businesses and fortunes away, we paid for most of it anyway, and put these maniacs in mental health facilities where they belong, at least until they have internalized a healthier attitude toward wealth, and their fellow citizens, and want to use their gifts to improve America, and not exploit it.

[–] ScoffingLizard@lemmy.dbzer0.com 6 points 18 hours ago

It's psychopathy. Maybe combined with OCD?

[–] Tollana1234567@lemmy.today 3 points 21 hours ago* (last edited 21 hours ago) (1 children)

Stupify them

[–] 4grams@awful.systems 2 points 19 hours ago

Pretty sure they already have been. I’m convinced more money makes you more stupid.