AI split – big tech’s bumper cash vs. heavy burn

Market news for October 29 2026: Alphabet’s shares tumbled 10% on heavy AI cash burn, erasing nearly $400 billion in market value, while Microsoft beat forecasts with robust cash flows to lift its shares, highlighting a stark Big Tech divergence ahead of key earnings.

Synopsis: Market Focus Daily is a closing bell roundup by The Business Times that looks at the day’s market movements and news from Singapore and the region.

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