Wall Street Struggles For Direction, Tesla Flirts With Record Highs, Bitcoin Tumbles Below $95,000: What's Driving Markets Tuesday?
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Microsoft shareholders voted against the Bitcoin investment proposal: it cannot guarantee returns.
① Microsoft’s major shareholders voted against including Bitcoin on the company's balance sheet, believing it does not align with the long-term interests of shareholders; ② The Board of Directors of Microsoft opposes investing in Bitcoin, stating that corporate funds require stable and predictable investments to ensure liquidity and operational funds.
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Microsoft shareholders voted against allocating Bitcoin, and the price of Bitcoin fell below $0.095 million during trading.
The think tank that submitted the proposal to configure Bitcoin believes that Microsoft cannot miss the next wave of technological innovation, which is Bitcoin. It suggests using 1% to 5% of Microsoft's profits to purchase Bitcoin and incorporate it into the company's balance sheet. Due to the greater volatility of Bitcoin compared to CSI Enterprise bond Index, it is advisable not to Hold too much. Cryptos have broadened their intraday decline, with Meme coins like Dogecoin experiencing double-digit drops. Microsoft Shareholders also rejected proposals to reduce AI risks such as misinformation and data privacy breaches.
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Google's stock price surged against the trend, receiving praise from two major USA technology leaders for its advances in quantum chips.
① Google's newly developed quantum computing chip 'Willow' led to a surge in its stock price on Tuesday morning, with Class A and Class C shares rising more than 6%; ② Google claims that Willow can complete computations in less than 5 minutes, while the fastest supercomputer today would take '10 to the 25th power' years; ③ Elon Musk and Sam Altman both congratulated Google on its achievement.
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