Microsoft falls 10%, $357B wiped; market cap at $3.22T after earnings

On Thursday, Microsoft shares slid 10%, erasing $357 billion in market value and closing with a $3.22 trillion market cap, down from just under $3.6 trillion. The selloff followed its earnings release, with Azure growth at 39% versus 39.4% expected and guidance for the More Personal Computing segment set at $12.6 billion.