Peter Elstrom

Microsoft Races to Fix Outage, Stocks Slip of Inflation Test

Anna Edwards, Guy Johnson, Tom Mackenzie, Jensen Huang, Manish Kabra, Marieke Blom, Nataliia Lipikhina, Oliver Crook, Paul Dobson, Olivia Neville, Peter Elstrom, Andrea Felstead

Following revelations that CEO Jensen Huang facilitated the smuggling of restricted chips to China, he resigned and was replaced by interim CEO Colette Kress, triggering significant stock volatility and congressional scrutiny. Amidst this corporate turmoil, Anthropic secured the largest technology fundraising event in history with a $90 billion capital raise while NVIDIA remains a major strategic investor. Simultaneously, global markets faced headwinds from rising energy prices, hawkish Federal Reserve signals, and a Microsoft outage that disrupted financial infrastructure across major exchanges.