--- title: "SG Morning Brief | Microsoft Adds $450B in Record Day, Nasdaq Snaps 6-Day Skid; Amazon Soars, Apple Falls After Hours" type: "News" locale: "en" url: "https://longbridge.com/en/news/294433264.md" description: "US OvernightThe Nasdaq surged 2.8% to 25,122.18, ending a six-day losing streak in the largest single-session rebound since April 2025. The S&P 500 jumped 1.7% to 7,437.63 and the Dow gained 613.92 points (+1.2%) to 52,208.06. Microsoft powered the rally, surging over 15% and adding roughly $450 billion in market cap — the largest single-stock single-day value gain in Wall Street history — after reporting 43% Azure cloud revenue growth with capex forecasts that did not escalate further." datetime: "2026-07-31T00:51:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294433264.md) - [en](https://longbridge.com/en/news/294433264.md) - [zh-HK](https://longbridge.com/zh-HK/news/294433264.md) --- # SG Morning Brief | Microsoft Adds $450B in Record Day, Nasdaq Snaps 6-Day Skid; Amazon Soars, Apple Falls After Hours ## US Overnight The Nasdaq surged 2.8% to 25,122.18, ending a six-day losing streak in the largest single-session rebound since April 2025. The S&P 500 jumped 1.7% to 7,437.63 and the Dow gained 613.92 points (+1.2%) to 52,208.06. Microsoft powered the rally, surging over 15% and adding roughly $450 billion in market cap — the largest single-stock single-day value gain in Wall Street history — after reporting 43% Azure cloud revenue growth with capex forecasts that did not escalate further. The semiconductor sector staged its strongest day in months: the SOX surged 8%. Economic data was mixed: June Core PCE rose just 0.1% month-over-month (down from 0.3% in May), supporting the disinflation narrative, but Q2 GDP slowed to 1.5% annualized versus 2.0% expected and 2.1% in Q1. ### Key Movers **Microsoft (MSFT) +16%** — Microsoft added roughly $450 billion in market value in a single session, the most by any stock in Wall Street history and its largest daily gain in 18 years. Azure AI revenue grew 43%, the fastest since 2022, and critically, the company's capex forecast did not increase — answering the market's biggest fear after Alphabet and Meta both raised spending plans. The result proves AI spending can generate accelerating returns without runaway costs. **Memory explosion: SanDisk +26% / Micron +18%** — The memory complex staged its most violent reversal of the year. SanDisk surged 26% and Micron rocketed 18% as the chip selloff exhausted itself and dip-buyers piled in. The DRAM storage ETF, which lost 8.89% the day before, recouped those losses and more. **AMD +13% / TSMC +7%** — The chip rebound was broad-based. AMD gained 13%, TSMC climbed over 7%, and the SOX's 8% rally was its best day since April 2025. The semiconductor bear market (-30% from peak) may have found its floor. **After hours: Amazon initially surged, Apple initially fell** — Amazon jumped as much as 10% after reporting strong results. Apple dropped as much as 6% on margin pressure from rising memory costs. Both were still moving at time of writing. ## SGX Preview The STI was near 5,070. DBS near S$62.18, UOB near S$37.91. The overnight reversal is transformative for Asian tech: South Korea's KOSPI surged over 13% this morning — triggering a circuit breaker — as SK Hynix and Samsung exploded higher on the chip rebound. Japan's Nikkei jumped over 3%. The Core PCE softening (+0.1% MoM) eases rate hike fears for Singapore, though the weak GDP (+1.5%) signals the US economy is decelerating. ## Asia Pre-Market Nasdaq 100 futures are up 0.5%, Dow futures +0.2%, S&P futures +0.1% on the Amazon after-hours beat. KOSPI's 13% surge and Nikkei's 3% rally signal that Asia is pricing in the end of the chip correction. This is the strongest Asian risk-on move since the June MOU signing. ## Today's US Earnings and Economic Calendar Event Time (ET) Time (UTC+8) Core PCE (June) Released yesterday — Chicago PMI (Jul) 9:45 AM 9:45 PM No major earnings today. Nvidia reports August 28. **Week in Review** — The most volatile week of 2026: Dow lost 1,153 points Wednesday on the FOMC, then gained 614 points Thursday on Microsoft. The S&P swung from -1.52% to +1.7% in 24 hours. Three Fed members voted to hike but Core PCE fell to +0.1% MoM. Microsoft proved AI spending generates returns; Meta proved it doesn't always. Amazon's after-hours beat extended the recovery. The chip bear market, which took the SOX down 30% from its June peak, may be over — but only if next month's inflation data cooperates. ## One More Thing $450 billion. That is what Microsoft added in a single day — more than the entire market cap of most S&P 500 companies. One earnings report turned a six-day losing streak into the Nasdaq's best day since April 2025. KOSPI surging 13% this morning tells you the reversal is global. But the macro picture is complicated: GDP at 1.5% means the economy is slowing, and Warsh's "will not hesitate" warning lingers. The chip correction may be over, but the inflation fight is not. August brings the next CPI, and if $96 oil shows up in the data, the three FOMC dissenters get louder. For today, though, the market trades the number it got — and the number it got was Microsoft at $450 billion. _This briefing is for informational purposes only and does not constitute investment advice._ ### Related Stocks - [AMZN.US](https://longbridge.com/en/quote/AMZN.US.md) - [AAPL.US](https://longbridge.com/en/quote/AAPL.US.md) - [MSFT.US](https://longbridge.com/en/quote/MSFT.US.md) - [AMZU.US](https://longbridge.com/en/quote/AMZU.US.md) - [AMZW.US](https://longbridge.com/en/quote/AMZW.US.md) - [AAPD.US](https://longbridge.com/en/quote/AAPD.US.md) - [MSFL.US](https://longbridge.com/en/quote/MSFL.US.md) - [MSFD.US](https://longbridge.com/en/quote/MSFD.US.md) - [MSFU.US](https://longbridge.com/en/quote/MSFU.US.md) - [.IXIC.US](https://longbridge.com/en/quote/.IXIC.US.md) - [.DJI.US](https://longbridge.com/en/quote/.DJI.US.md) - [.SPX.US](https://longbridge.com/en/quote/.SPX.US.md) - [MSFO.US](https://longbridge.com/en/quote/MSFO.US.md) - [AAPB.US](https://longbridge.com/en/quote/AAPB.US.md) - [AAPX.US](https://longbridge.com/en/quote/AAPX.US.md) - [AMZZ.US](https://longbridge.com/en/quote/AMZZ.US.md) - [AMZD.US](https://longbridge.com/en/quote/AMZD.US.md) - [DIA.US](https://longbridge.com/en/quote/DIA.US.md) - [MSFX.US](https://longbridge.com/en/quote/MSFX.US.md) - [AAPU.US](https://longbridge.com/en/quote/AAPU.US.md) - [ONEQ.US](https://longbridge.com/en/quote/ONEQ.US.md) - [QQQ.US](https://longbridge.com/en/quote/QQQ.US.md) - [QQQM.US](https://longbridge.com/en/quote/QQQM.US.md) - [QQEW.US](https://longbridge.com/en/quote/QQEW.US.md) - [QQQE.US](https://longbridge.com/en/quote/QQQE.US.md) - [TQQQ.US](https://longbridge.com/en/quote/TQQQ.US.md) - [QLD.US](https://longbridge.com/en/quote/QLD.US.md) - [PSQ.US](https://longbridge.com/en/quote/PSQ.US.md) - [SQQQ.US](https://longbridge.com/en/quote/SQQQ.US.md) - [QID.US](https://longbridge.com/en/quote/QID.US.md) - [AMZO.US](https://longbridge.com/en/quote/AMZO.US.md) - [AMZY.US](https://longbridge.com/en/quote/AMZY.US.md) - [AZYY.US](https://longbridge.com/en/quote/AZYY.US.md) - [AMZP.US](https://longbridge.com/en/quote/AMZP.US.md) - [MAGX.US](https://longbridge.com/en/quote/MAGX.US.md) - [DDM.US](https://longbridge.com/en/quote/DDM.US.md) - [UDOW.US](https://longbridge.com/en/quote/UDOW.US.md) - [DOG.US](https://longbridge.com/en/quote/DOG.US.md) - [SDOW.US](https://longbridge.com/en/quote/SDOW.US.md) - [DXD.US](https://longbridge.com/en/quote/DXD.US.md) - [AAPW.US](https://longbridge.com/en/quote/AAPW.US.md) - [APLY.US](https://longbridge.com/en/quote/APLY.US.md) - [AAPY.US](https://longbridge.com/en/quote/AAPY.US.md) - [SPY.US](https://longbridge.com/en/quote/SPY.US.md) - [IVV.US](https://longbridge.com/en/quote/IVV.US.md) - [VOO.US](https://longbridge.com/en/quote/VOO.US.md) - [SPLG.US](https://longbridge.com/en/quote/SPLG.US.md) - [SPXL.US](https://longbridge.com/en/quote/SPXL.US.md) - [UPRO.US](https://longbridge.com/en/quote/UPRO.US.md) - [SSO.US](https://longbridge.com/en/quote/SSO.US.md) - [SH.US](https://longbridge.com/en/quote/SH.US.md) - [SPXS.US](https://longbridge.com/en/quote/SPXS.US.md) - [SPXU.US](https://longbridge.com/en/quote/SPXU.US.md) - [SDS.US](https://longbridge.com/en/quote/SDS.US.md) - [SPYI.US](https://longbridge.com/en/quote/SPYI.US.md) - [JEPI.US](https://longbridge.com/en/quote/JEPI.US.md) - [XYLD.US](https://longbridge.com/en/quote/XYLD.US.md) - [MSFW.US](https://longbridge.com/en/quote/MSFW.US.md) - [MSFY.US](https://longbridge.com/en/quote/MSFY.US.md) - [GOOGL.US](https://longbridge.com/en/quote/GOOGL.US.md) - [GOOG.US](https://longbridge.com/en/quote/GOOG.US.md) - [META.US](https://longbridge.com/en/quote/META.US.md) - [SNDK.US](https://longbridge.com/en/quote/SNDK.US.md) - [MU.US](https://longbridge.com/en/quote/MU.US.md) - [SOXX.US](https://longbridge.com/en/quote/SOXX.US.md) - [AMD.US](https://longbridge.com/en/quote/AMD.US.md) - [TSM.US](https://longbridge.com/en/quote/TSM.US.md) - [STI.SG](https://longbridge.com/en/quote/STI.SG.md) - [D05.SG](https://longbridge.com/en/quote/D05.SG.md) - [U11.SG](https://longbridge.com/en/quote/U11.SG.md) - [SSNGY.US](https://longbridge.com/en/quote/SSNGY.US.md) - [.NDX.US](https://longbridge.com/en/quote/.NDX.US.md) - [NVDA.US](https://longbridge.com/en/quote/NVDA.US.md) - [UOVEY.US](https://longbridge.com/en/quote/UOVEY.US.md) - [SMSN.UK](https://longbridge.com/en/quote/SMSN.UK.md) - [NVD.DE](https://longbridge.com/en/quote/NVD.DE.md) ## Related News & Research - [InterDigital Q2 revenue beats; 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