Microsoft Corp. tumbled 12% – the most since 2020 – on concern it could take a while for AI investments to pay off. The "Magnificent Seven” tech giants have led the stock market higher for much of the past three years. "The AI theme is overcrowded, and investors are revaluing the AI trade, so they are re-weighting big-tech stocks in their portfolios,” said Matt Maley at Miller Tabak & Co. This week brought the first wave of major tech earnings, and a clear theme is emerging, according to Angelo Kourkafas at Edward Jones. Meta will double capital spending to as much as US$135 billion this year, an all-in bet on AI.

Source: The Star January 30, 2026 07:04 UTC