I saw reports attributing it to a miss on earnings from Azure but they were off by 0.4% on 39% growth. That's 39% instead of 39.4%. And the company stock dropped 10%. This is all of Microsoft - 10% down (!).
It has to tell you there are a LOT of people primed to sell in a hurry on bad news. The "bubble" talk subsided a lot after nVidia smashed earnings last quarter, but largely overlooked how much their whole situation is based on pent up demand. It completely masks the fundamentals.
I still feel like we're sitting on a volcano and seeing puffs of smoke and feeling earth tremors.
Also a portion of their Azure spend was some clever accounting they did if memory serves me
https://www.geekwire.com/2026/microsofts-historic-plunge-why...
Right now LLMs are taking languages meant for humans to understand better via abstraction, what if the next language is designed for optimal LLM/world model understanding?
Or instead of an entirely new language, theres some form of compiling/transpiling from the model language to a human centric one like WASM for LLMs