Meta, MSFT, AMZN Earnings Improve Stock Market Mood, AAPL Disappoints

This week saw a flurry of earnings reports from big names such as Amazon, Apple, Meta etc, displaying mostly positive performance.

Most big tech shares ended higher this week

Quick overview

  • This week featured earnings reports from major tech companies, with Meta and Microsoft delivering impressive results and positive guidance.
  • Meta reported a 16% year-over-year revenue increase to $42.31 billion, while Microsoft achieved a 13% growth in revenue to $70.1 billion.
  • Amazon's Q1 earnings were solid but its stock performance was muted due to cautious forward guidance, despite strong AWS growth.
  • Overall, the MAG 7 tech stocks showed mixed performance, with Meta and Microsoft leading, while Apple faced challenges related to iPhone sales.

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This week saw a flurry of earnings reports from big names such as Amazon, Apple, Meta etc, displaying mostly positive performance and investor reactions.

ABOUT THE AUTHOR See More
Skerdian Meta
Lead Analyst
Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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