Amazon and Meta surge after results, while Apple drops
10 months, 3 weeks ago

Amazon and Meta surge after results, while Apple drops

The Hindu  

Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results. Investor optimism about generative AI drove rallies in the U.S. stock market's most valuable companies last year, with many hitting all-time highs in recent sessions. Microsoft's lead over Apple in stock market value will probably grow over the next five years thanks to its early advantage in AI, 13 analysts consulted last week by Reuters unanimously agreed. The extended-trade surge in Meta's market capitalization was equivalent to more than five times the entire $26 billion value of smaller social media rival Snap Inc.

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History of this topic

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence
6 days, 14 hours ago

Apple's stock at all time high, tech co back as most valuable company thanks to Apple Intelligence

Firstpost  

According to JPMorgan analyst Samik Chatterjee, the real AI windfall will come with the expected 2025 launch of the iPhone 17. He projects iPhone sales will rise from 230 million units this fiscal year to 251 million the following year Apple’s stock currently trades at 34 times its projected earnings over the next 12 months, making it one of the …

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector
1 month, 2 weeks ago

NVIDIA stock rallies to record high as Trump’s re-election causes frenzy in AI, chip sector

Firstpost  

The buzz around NVIDIA isn’t just politics. The company has become a major player in the US stock market’s tech rally, driven by a fierce competition among Microsoft, Alphabet, and others in the race to dominate artificial intelligence The AI chip giant saw its stock jump by 2.2 per cent, a bump that propelled NVIDIA's market capitalisation to $3.65 trillion, …

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant
1 month, 3 weeks ago

Apple's AI-Powered iPhone Sales Resurgence: A Turning Point for the Tech Giant

The Hindu  

Apple's iPhone sales have rebounded after a recent slump, with the company reporting a 6% increase in revenue and profit for the July-September period. The iPhone boost helped Apple deliver total quarterly revenue and profit that exceeded analyst projections, despite an one-time charge of $10.2 billion to account for a recent European Union court decision. The latest quarterly results captured …

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
1 month, 3 weeks ago

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Amazon reports boost in quarterly profits but misses revenue estimates
4 months, 3 weeks ago

Amazon reports boost in quarterly profits but misses revenue estimates

The Hindu  

Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. Amazon also said it expects revenue for the current quarter, which ends September 30, to be between $154 billion and $158.5 billion — lower than the $158.22 billion forecast by analysts. The company said Thursday that Amazon Web …

Amazon reports boost in quarterly profits but misses revenue estimates
4 months, 3 weeks ago

Amazon reports boost in quarterly profits but misses revenue estimates

Associated Press  

Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. Amazon also said it expects revenue for the current quarter, which ends Sept. 30, to be between $154 billion and $158.5 billion — lower than the $158.22 billion forecast by analysts. The company said Thursday that Amazon Web …

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter
4 months, 3 weeks ago

Facebook parent Meta forecasts upbeat Q3 revenue after strong quarter

The Hindu  

Meta Platforms beat market expectations for second-quarter revenue on Wednesday and issued a rosy sales forecast for the third quarter, signalling that robust digital-ad spending on its social media platforms can cover the cost of its artificial-intelligence investments. "Any apprehensions investors may have had about Meta's spending on AI and the metaverse are likely to be allayed by this quarter's …

Meta shares surge after tech giant reports $13.5bn profit
4 months, 3 weeks ago

Meta shares surge after tech giant reports $13.5bn profit

Al Jazeera  

CEO Mark Zuckerberg says Meta AI is on track to be the most used AI assistant worldwide by the year’s end. “We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year,” Meta founder and CEO Mark Zuckerberg said. “We’ve released the first frontier-level …

Amazon set to join Big Tec
4 months, 3 weeks ago

Amazon set to join Big Tec

Live Mint  

By Deborah Mary Sophia July 31 - Amazon.com is expected to join Google and Microsoft on Thursday in reporting a surge in capital spending on artificial intelligence as Big Tech companies rush to capitalize on the booming technology. The e-commerce giant's capital investments - mostly for building cloud and generative AI infrastructure - is expected to have risen 43% in …

Microsoft sinks, chipmakers climb as AI rally faces divide
4 months, 3 weeks ago

Microsoft sinks, chipmakers climb as AI rally faces divide

The Hindu  

Disappointing quarterly results from Microsoft melted $340 billion of stock market value on Tuesday from it and rival heavyweights racing to dominate artificial intelligence technology, while Nvidia and other AI chip sellers rallied after results from Advanced Micro Devices. Its capital expenditure, including finance leases, jumped 78% in the quarter to $19 billion, with Microsoft saying it needs to expand …

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value
5 months, 3 weeks ago

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value

NPR  

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value toggle caption Jenny Kane/AP NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold. Amazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia …

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time
5 months, 3 weeks ago

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time

Associated Press  

NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold. Amazon now joins Google’s parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia among companies with valuations of at least $2 trillion. Most of the focus has been on business-focused products, …

Apple Intelligence pushes iPhone maker’s stock to record high, market cap at $3.18tn
6 months, 1 week ago

Apple Intelligence pushes iPhone maker’s stock to record high, market cap at $3.18tn

Firstpost  

Apple stock went up by over 7.26% after a day of Apple Intelligence getting announced. This also pushed Apple’s market cap to over $3.18 trillion, way clear of NVIDIA’s $2.97 trillion Apple stock has been through a rather rough phase this year. Following the debut of Apple Intelligence at WWDC 2024, Apple’s stock price soared to a record high, closing …

Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders
6 months, 1 week ago

Apple poised to launch its late start in the AI race with ambitions to overtake the early leaders

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Monday's conference “represents the most important event for …

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
7 months, 3 weeks ago

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Associated Press  

NEW YORK — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service. “It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon CEO Andy Jassy said …

Apple's shares tanking: Why stock value has fallen 12% in value since Dec 2023’s all-time high
9 months, 2 weeks ago

Apple's shares tanking: Why stock value has fallen 12% in value since Dec 2023’s all-time high

Firstpost  

Apple’s slowing sales, numerous court cases, large fine and current AI strategy has caused its stock by about 10 per cent since it reached an all time high in December 2023. This has caused its market cap to go down by $300 billion Apple's slowing sales, numerous court cases, large fine and current AI strategy has caused its stock by …

Meta adds $196 billion to stock market value as shares see biggest one-day high
10 months, 2 weeks ago

Meta adds $196 billion to stock market value as shares see biggest one-day high

Hindustan Times  

Meta Platforms added $196 billion in stock market value on Friday, marking the biggest one-day gain by any company in Wall Street history after the Facebook parent declared its first dividend and posted robust results. Meta shares see their biggest single-day high Meta's stock surged 20.3% for the session, also recording its biggest one-day percentage increase in a year and …

Amazon and Meta—Nothing Artificial About These Results
10 months, 3 weeks ago

Amazon and Meta—Nothing Artificial About These Results

Live Mint  

The e-commerce titan and social networking giant both posted strong fourth-quarter results late Thursday. The two beat Wall Street’s consensus targets for both revenue and operating income by wider margins than Microsoft and Google-parent Alphabet did with their respective December quarter reports earlier in the week. The company did manage to beat Wall Street’s projections for its all-important iPhone revenue, …

Apple's stock takes a $70 billion hit after earnings calls despite strong earnings, Meta and Amazon surge
10 months, 3 weeks ago

Apple's stock takes a $70 billion hit after earnings calls despite strong earnings, Meta and Amazon surge

Firstpost  

Meta and Amazon witnessed a substantial surge in their stock market values, collectively adding $280 billion, while Apple’s value dipped by $70 billion following the release of their respective quarterly results. In contrast, Apple’s quarterly results exceeded analysts’ expectations, but a 3.3 per cent dip in its stock value occurred as sales in China fell short of estimates. However, analysts …

Amazon and Meta surge after results, while Apple drops
10 months, 3 weeks ago

Amazon and Meta surge after results, while Apple drops

Live Mint  

Meta Platforms and Amazon.com added a combined $280 billion in stock market value late on Thursday after the Big Tech duo reported quarterly results that impressed investors, while Apple's value shrank by $70 billion after its results. Meta's stock surged over 14% to a record high $451 after the bell, elevating its market capitalization by $148 billion to $1.16 trillion …

Meta, Amazon beat expectations with stellar results
10 months, 3 weeks ago

Meta, Amazon beat expectations with stellar results

Live Mint  

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street. Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter. Facebook changed its parent company …

AI companies lose $190 billion in market cap after Alphabet and Microsoft report
10 months, 3 weeks ago

AI companies lose $190 billion in market cap after Alphabet and Microsoft report

The Hindu  

AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally in recent months that propelled their shares …

Investors see Microsoft's stock market value leaving Apple behind
10 months, 3 weeks ago

Investors see Microsoft's stock market value leaving Apple behind

The Hindu  

Microsoft's early lead in artificial intelligence has the software heavyweight's stock market value poised to pull decisively ahead of Apple's over the next five years, 13 institutional investors unanimously agreed ahead of the tech titans' quarterly results this week. Microsoft's shares have surged 7% so far in 2024, recently sending its stock market value above $3 trillion and dethroning Apple …

Microsoft hits $3 trillion market value, briefly surpasses Apple Inc as world's most valued company
10 months, 4 weeks ago

Microsoft hits $3 trillion market value, briefly surpasses Apple Inc as world's most valued company

Hindustan Times  

As the company shares rallied on the stock market, tech giant Microsoft's market value hit $3 trillion for the first time on Wednesday, briefly making it the most valued company in the world. Microsoft market value surpasses $3 trillion on Wednesday Eventually, Microsoft retained its position as the second most valued company in the world, just behind iPhone maker Apple. …

Apple becomes the first publicly traded company to be valued at $3 trillion
1 year, 5 months ago

Apple becomes the first publicly traded company to be valued at $3 trillion

The Hindu  

Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits. The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a $3 trillion market value on back-to-back days …

Apple is now the first public company to be valued at $3 trillion
1 year, 5 months ago

Apple is now the first public company to be valued at $3 trillion

Associated Press  

SAN FRANCISCO — Apple became the first publicly traded company to close a trading day with a $3 trillion market value, marking another milestone for a technology juggernaut that has reshaped society with a line-up of products that churn out eye-popping profits. The 47-year-old company co-founded by Silicon Valley legend Steve Jobs had briefly eclipsed a $3 trillion market value …

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch
1 year, 6 months ago

WWDC 2023: Apple set for record high ahead of mixed-reality headset launch

Live Mint  

Apple Inc. is on pace to close at a record high ahead of its most significant product launch event in nearly a decade, after benefiting from a broader rotation back into technology stocks. “Even with how much it has risen, it still feels like a quality company, with a lot of cash, continued innovation, a fortress balance sheet, and a …

Meta sees itself as dwarfed by 'Giant Tech' Apple
2 years ago

Meta sees itself as dwarfed by 'Giant Tech' Apple

The Hindu  

Facebook parent Meta may be in the Big Tech club but it sees itself as being dwarfed by "Giant Tech" company -- and corporate foe -- Apple, a top executive, Nick Clegg, said Wednesday. "There's Big Tech and there's Giant Tech," Clegg told an audience in Brussels, where Meta was courting policymakers with its latest virtual-reality gear. Apple last year …

Facebook owner Meta shares witness biggest single-day crash in history
2 years, 10 months ago

Facebook owner Meta shares witness biggest single-day crash in history

India Today  

Shares of Facebook owner Meta plummeted 26 per cent on Thursday, the biggest single-day slide in market value for a U.S. company, after the social media giant issued a dismal forecast, blaming Apple Inc's privacy changes and increased competition. The huge drop, erasing over $200 billion from Meta's market capitalization and around $29 billion from Chief Executive Officer Mark Zuckerberg's …

Meta's shock share price drop shakes world tech
2 years, 10 months ago

Meta's shock share price drop shakes world tech

The Hindu  

Shares in Facebook owner Meta fell 20% in U.S. premarket trade on Thursday after the social media giant issued a dismal forecast blaming Apple's privacy changes and increased competition. The shock drop, which comes before Amazon earnings later in the day, spilled over to Europe where technology led sectoral fallers with a decline of 2% and soured the mood across …

Apple breaches $3 trillion market value again
2 years, 11 months ago

Apple breaches $3 trillion market value again

Live Mint  

Apple Inc crossed $3 trillion in market value in early trading on Tuesday before slipping, after the world's most valuable company briefly hit the milestone a day earlier. Apple accounts for nearly 7% of S&P 500 index's value, according to Refinitiv data, the highest for a single stock on the index at a time when the benchmark is perched at …

Apple becomes first company to hit $3 trillion market value, then slips
2 years, 11 months ago

Apple becomes first company to hit $3 trillion market value, then slips

The Hindu  

Apple Inc. on Monday became the first company with a $3 trillion stock market value, lifted by investor confidence that the iPhone maker will keep launching best-selling products as it explores new markets such as automated cars and virtual reality. On the first day of trading in 2022, the Silicon Valley company's shares hit an intraday record high of $182.88, …

Apple becomes first company to reach $3 trillion market value
2 years, 11 months ago

Apple becomes first company to reach $3 trillion market value

Al Jazeera  

Shares of Apple rose as much as 3 percent on Monday – enough to vault it over the $3 trillion market capitalization mark. Shares of Apple Inc rose as much as 3 percent on Monday to trade at $182.88 – enough to secure the iPhone maker the coveted crown of becoming the first publically traded company on the planet to …

Amazon surpasses $100B in quarterly revenue for 1st time
3 years, 10 months ago

Amazon surpasses $100B in quarterly revenue for 1st time

India TV News  

After Apple, Amazon became the second US tech company to log its largest quarter by revenue of all time at $125.56 billion, as online shopping broke all records in the holiday quarter amid the Covid-19 pandemic. Amazon also announced that Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy, CEO …

Apple becomes first US company to be worth $2 trillion
4 years, 4 months ago

Apple becomes first US company to be worth $2 trillion

Live Mint  

Apple Inc became the first publicly listed U.S. company with a $2 trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem in favor of bets it will only prosper more in the post-coronavirus world. The moves reflect growing investor confidence in Apple's shift towards relying less on sales of iPhones and other …

Apple Is Worth $2 Trillion — 1st American Company To Hit Milestone
4 years, 4 months ago

Apple Is Worth $2 Trillion — 1st American Company To Hit Milestone

NPR  

Apple Is Worth $2 Trillion — 1st American Company To Hit Milestone Enlarge this image toggle caption Justin Sullivan/Getty Images Justin Sullivan/Getty Images Updated at 1:16 p.m. ET Apple has hit $2 trillion in market value, the first publicly traded U.S. company to do so. Much of the increase has come since late March, showing just how much the coronavirus …

Apple becomes first US company to hit $2 trillion value
4 years, 4 months ago

Apple becomes first US company to hit $2 trillion value

The Telegraph  

Apple has become the first $2 trillion US company in a landmark moment after a stock market boom that has made tech companies more valuable than ever - despite the economic havoc wreaked by Covid-19. Shares in the iPhone maker crossed $467.77 on Wednesday, an all-time high that lifts its market value above $2 trillion. The milestone comes just two …

Apple becomes first US company to top $2 trillion in market value
4 years, 4 months ago

Apple becomes first US company to top $2 trillion in market value

Al Jazeera  

Shares of Apple have been on a tear since the iPhone maker reported blowout results in July. Apple Inc became the first publicly listed company in the United States with a $2 trillion stock market value on Wednesday, as Wall Street investors put aside challenges to its iPhone ecosystem in favour of bets it will only prosper more in the …

Apple shines in pandemic with $2 trillion value on horizon
4 years, 4 months ago

Apple shines in pandemic with $2 trillion value on horizon

The Hindu  

The initial spread of the novel coronavirus shut down the factories in China that assemble its iPhones and also closed its retail stores in a country that ranks as the company’s biggest market besides the U.S. Things looked even bleaker in March after the global pandemic shoved the U.S. economy into what now looks to be its deepest downturn since …

Apple, Facebook, Google, Amazon do well in Q3 despite COVID-19 pandemic and more issues
4 years, 4 months ago

Apple, Facebook, Google, Amazon do well in Q3 despite COVID-19 pandemic and more issues

India TV News  

A pandemic-hit period, ad boycotts and probes over anti-competition practices, data privacy and security did not stop the four Big Tech firms from posting healthy profits in the June quarter. Riding on surging online sales during the pandemic as people stayed home, Amazon reported a 40 per cent increase in net sales to $88.9 billion, compared with $63.4 billion in …

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