Meta, Amazon, Alphabet, Apple earnings: Big tech’s bad year is over.
54 years, 11 months ago

Meta, Amazon, Alphabet, Apple earnings: Big tech’s bad year is over.

Slate  

This article is from Big Technology, a newsletter by Alex Kantrowitz. As tech analyst Dan Ives put it in a DM Thursday, “Huge rebound underway.” Big Tech’s share prices are still well below their all-time highs—and the ascent will be slow—but they’re poised for improvement now that certainty is returning to the economy. As inflation soared in 2021 and 2022 and the Fed raised interest rates rapidly, investors stayed away from Big Tech. On Meta’s earnings call Wednesday, Mark Zuckerberg emphasized that 2023 would be its “year of efficiency,” a message investors loved. Though it won’t be a straight line upward, it’s fair to say Big Tech hit bottom and is now ascending.

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History of this topic

The Beginning of the End of Big Tech
4 weeks ago

The Beginning of the End of Big Tech

Wired  

Next year will be Big Tech’s finale. Critique of Big Tech is now common sense, voiced by a motley spectrum that unites opposing political parties, mainstream pundits, and even tech titans such as the VC powerhouse Y Combinator, which is singing in harmony with giants like a16z in proclaiming fealty to “little tech” against the centralized power of incumbents. One …

Tech is Going to Continue to Lead: UBS's Lovell
1 month ago

Tech is Going to Continue to Lead: UBS's Lovell

Bloomberg  

00:00 Love having you today after Nvidia earnings because it sets the stage quite nicely to talk about where NVIDIA where the Max seven where the AI trade falls relative to the broadening trade that everyone was so excited about. We continue to think that tech is going to lead, but again, it's not going to mean that you're not …

Big tech companies unplug stock market from reality
6 months, 2 weeks ago

Big tech companies unplug stock market from reality

Live Mint  

Big Tech stocks aren’t just dominating the market. Yet the S&P itself is far less affected by the outlook for interest rates, because the Big Tech stocks that make up so much of the standard, value-weighted index are insulated from the Fed by their enormous cash piles. The Big Tech stocks that dominate the market sit on huge cash piles, …

As earnings season rolls into its heart, hopes rise for broader gains
8 months ago

As earnings season rolls into its heart, hopes rise for broader gains

Associated Press  

NEW YORK — As the heart of earnings reporting season arrives on Wall Street, investors hope that many more voices will be joining the chorus of companies reporting stronger profits. Last year, Big Tech stocks were behind much of corporate America’s profit growth, and thus behind the majority of the gain for the S&P 500. But as defense contractors and …

Big Tech earnings can make or break this market
1 year, 2 months ago

Big Tech earnings can make or break this market

CNN  

A version of this story first appeared in CNN Business’ Before the Bell newsletter. New York CNN — In an unstable economic climate marked by geopolitical unrest, concerns about the Federal Reserve and soaring Treasury yields, investors are closely watching this week’s Big Tech earnings for clues about where the volatile stock market may head next. “Big Tech valuations pose …

Big Tech backs stock gains with solid results, growth prospects
1 year, 4 months ago

Big Tech backs stock gains with solid results, growth prospects

Associated Press  

NEW YORK — Big technology companies provided the energy for most of broader market’s sharp ascent in 2023 and their latest financial reports so far justify that confidence from investors. “In a nutshell, Big Tech earnings have been a flex the muscles moment for the bulls,” said Daniel Ives, a senior equity research analyst at Wedbush, in a research report. …

The recent layoffs and the future of US tech
1 year, 9 months ago

The recent layoffs and the future of US tech

Hindustan Times  

With the Covid-19 pandemic, although the world had come to a standstill, there was unprecedented growth in the tech industry, as it was embraced by people from all walks of life like never before, resulting in many big tech firms earning unheard-of profits. While Google and Microsoft lost $700 billion each, and Facebook lost $600 billion; Amazon, a public company, …

Can US tech giants recover after job cuts and falling revenues?
1 year, 10 months ago

Can US tech giants recover after job cuts and falling revenues?

Hindustan Times  

The year 2022 reminds me of Charles Dickens's famous quote, 'It was the best of times, it was the worst of times'. The big tech firms have responded to the change in market dynamics and potential economic slowdown with a series of job cuts. Overall, big tech companies need to look at five key principles to overcome the present crisis …

Why we need to rethink our relationship with Big Tech
1 year, 10 months ago

Why we need to rethink our relationship with Big Tech

Hindustan Times  

Between 2020 and 2021, it seemed tech companies would be the engine of post-pandemic recovery: Their growth appeared unstoppable, and their leadership made ambitious plans to expand. Tech services and products across the board saw skyrocketing demand, with US tech giants– Facebook, Amazon, Apple, Netflix and Google, collectively known as FAANG – benefitting from a meteoric rise in share prices. …

Editorial: Time for an end to the freewheeling Big Tech era
3 years, 5 months ago

Editorial: Time for an end to the freewheeling Big Tech era

LA Times  

Another week, another high-profile effort to rein in Big Tech. President Biden joined the fray Friday with an executive order promoting competition in tech and other industries, calling on the Federal Trade Commission to scrutinize several practices by Big Tech companies that enabled them to build, defend and extend their market power. Big Tech companies insist that they aren’t standing …

Next week’s earnings could boost tech stocks once again
3 years, 8 months ago

Next week’s earnings could boost tech stocks once again

CNN  

New York CNN Business — Investors are getting ready to reposition their portfolios for the post-pandemic world. Solid earnings from these companies could mean another rally in tech stocks, according to Wedbush Securities analyst Daniel Ives. “We believe earnings over the coming weeks will be a major positive catalyst for tech names,” given the sector’s robust fundamentals, Ives said in …

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 …

A new tech bubble is inflating
4 years, 6 months ago

A new tech bubble is inflating

CNN  

New York CNN Business — There has been a furious rally in tech stocks since the market plunged a week ago. Former Federal Reserve chairman Alan Greenspan used that term in a speech nearly a quarter-century ago to describe the 1996 boom in the stock market – particularly the rise of big tech stocks and the wave of unprofitable internet …

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