Microsoft lost a combined RIL and TCS on Thursday in $357 billion rout
Published on 30/01/2026 05:07 AM
Microsoft lost a combined RIL and TCS on Thursday in $357 billion routMicrosoft shares fell the most since March 2020 as concerns over slowing growth in its cloud business and a delayed return on its massive AI investments spooked Wall Street and dragged the Nasdaq lower with it.By Hormaz Fatakia January 30, 2026, 5:07:23 AM IST (Published)2 Min ReadShares of Microsoft Corp. witnessed their worst single-day drop in nearly six years on Thursday as the 10% fall wiped out nearly $360 billion of the company's market capitalization. That is the sum total of India's two biggest listed companies by market value, Reliance Industries, and HDFC Bank.
As of Thursday's close, Reliance Industries' market capitalization stood at ₹18.83 lakh crore, which in US Dollar terms comes up to $205 billion at the current exchange rate. HDFC Bank had a market capitalization of ₹14.4 lakh crore on Thursday, equaling to $156 billion.
The software giant fell the most since March 2020 after its earnings for the quarter raised concerns about a slowdown in cloud sales and delayed returns on their record AI investments.
The $357 billion market capitalization that Microsoft lost on Thursday is the second-highest on record for any company in a single trading session on Wall Street, following Nvidia's near-$600 billion wipeout in January last year at the launch of DeepSeek's low-cost AI model.
Microsoft's rout in value was higher than market capitalization of more than 90% constituents on the S&P 500, according to Bloomberg data. At the day's low, the stock had declined over 12%.
Microsoft's capex surged by 66% during the quarter to $37.5 billion, while on the flip side, growth in its cloud business Azure, slowed from the previous quarter.
“Since it is becoming even more evident that Microsoft is not going to garner a strong ROI from their massive AI investment, their shares need to be revalued back down to a level that is more consistent with its historic fair value,” said Matthew Maley, Chief Market Strategist at Miller Tabak + Co.
Shares of Microsoft ended 10% lower on Thursday at $433.5.Continue ReadingTagsHDFC Bank Share PricemicrosoftMicrosoft sharesReliance Industries share price