Disappointing earnings from the megacap companies that led markets higher for years are cratering their shares.
Browsing: Alphabet
Microsoft reported 35% growth in cloud services and Alphabet’s own cloud unit beat estimates. Yet investors reacted like Grampa Simpson: angry at everything, and very cranky.
Investors are facing a make or break week for some of Wall Street’s most influential technology stocks.
Google parent Alphabet is inherently positioned for structural growth, writes Stonehage Fleming head of equity Gerrit Smit.
Sundar Pichai, CEO of Google parent Alphabet, has defended the Internet search giant against claims that it is anticompetitive.
Meta Platforms issued a gloomy forecast after recording its first ever quarterly drop in revenue, with recession fears and competitive pressures weighing on its digital ads sales.
Apple’s share price has surged in recent weeks and is heading for its biggest monthly gain in almost two years. Its latest earnings release will test that.
Alphabet, Microsoft and Texas Instruments posted double-digit quarterly revenue growth on Tuesday and expressed optimism about the coming months.
Shares of social media firms fell sharply on Friday as Twitter joined the Snapchat owner in signalling a cutback in digital ad spend as economic growth sputters.
Megacap US technology stocks are sinking again along with hopes that this year’s selloff had reached the point of exhaustion.