Earnings reports from Google’s parent Alphabet and Microsoft breathed new life into the market on Friday. The “Magnificent Seven” group that includes the aforementioned tech stocks, along with Tesla, Apple, Amazon.com, Meta Platforms and Nvidia, were on track to add $686 billion in market capitalization this week, according to Dow Jones Market Data. Alphabet stock was up 10% in recent trading, Nvidia stock was up 5.5%, Amazon stock was up 3.6%, and Microsoft stock was up 2.6%...
Continue ReadingTechnology giant Microsoft Corporation (NASDAQ:MSFT) reported third-quarter financial results that saw revenue and earnings per share beat estimates from analysts. Analysts are praising the company's growth of artificial intelligence platforms. The MSFT Analysts: Oppenheimer analyst Timothy Horan has an Outperform rating and price target of $450. Raymond James analyst Andrew Marok has an Outperform rating and raises the price target from $450 to $480. Goldman Sachs analyst Kash Rangan has a Buy...
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Continue ReadingTesla's core car business is suffering, and it continues to highlight businesses that don't exist. Click here to read an analysis of TSLA stock now...
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Continue ReadingApple Inc (NASDAQ:AAPL) is deepening its involvement with China while expanding its production in Southeast Asia and India, illustrating the iPhone maker’s delicate balancing act between political pressures and business needs. In 2023, Apple increased its number of China-based suppliers and manufacturing sites, reducing its reliance on suppliers from Taiwan, the U.S., Japan, and South Korea, according to a Nikkei Asia review of Apple’s latest official supplier list. Apple publishes an official l...
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