Microsoft Corp

• Alphabet resets the bar for AI infrastructure spending - The search giant's proposed capex spend for 2026 exceeds that of its hyperscalers peers.
• Hedge funds made $24 billion shorting software stocks so far in 2026 — And they are increasing the bet - Hedge funds are increasing their short bets against software stocks, contributing to the brutal sell-off in the space so far this year, according to sources at two major funds on Wall Street.
• Gold extends gains, breaking past $5,000; Asia stocks mostly track Wall Street losses on tech pullback - Asia-Pacific markets mostly fell, tracking Wall Street losses as a sell-off in U.S. technology stocks weighed on sentiment.
• Bitcoin is under pressure after a brutal week. Here's why - Cryptocurrency markets fell as global equities and precious metals sold off while bitcoin liquidations exacerbated downside moves.
• Oracle dips 3% after announcing $50 billion fundraising plans. Here's why - The tech giant has invested huge sums in the AI infrastructure buildout in recent times
• India courts Big Tech with long‑term tax breaks as it doubles down on AI ambitions - India woos global cloud service companies with tax holiday for 20 years.
• Here is what caused the wild swings in our 34-stock portfolio last week - The S&P 500 closed lower Friday after briefly topping 7,000 for the first time ever Wednesday.
• Gold prices fall over 4%; Asia-Pacific shares trade mixed after Trump says he will name new Fed chair - Asia-Pacific markets traded mixed after U.S. President Donald Trump said that he will announce his choice for the next Federal Reserve chair on Friday.
• Software stocks enter bear market on AI disruption fear with ServiceNow plunging 11% Thursday - The iShares Expanded Tech-Software Sector ETF is on pace for its biggest one-day decline since April 4 during the tariff-triggered downturn.
• Meta rises 8%, Microsoft sinks 11% as megacap tech stocks diverge after earnings - Meta jumped, while Microsoft plunged post-earnings as investors hunt for signs that big AI investments are paying off.