Microsoft (MSFT) closed up about 15% last night, with its market cap increasing by approximately $450 billion, setting a record for the largest single-day dollar gain in any US stock. This was driven by Azure revenue breaking through $100 billion for the first time (a 43% increase), and FY27 capital expenditure guidance of $175 billion, which is lower than the market's expected ~$190 billion.

Wall Street has long suppressed Microsoft, but this time they finally showed mercy, truly because of its outstanding performance.

However, the fact that rising AI capital expenditures are not being accepted cannot be underestimated in terms of its market effect.

Singapore stocks opened slightly lower this morning, representing a healthy adjustment; overall, the trend remains robust and upward, so there is no need to worry.