The Jefferies analysts emphasized the MANG Group as a preferable choice over FAANG. MANG represents Microsoft, Apple, Nvidia, and Alphabet.
Airbnb stock has largely remained indifferent to the ongoing war but in terms of investor sentiment, the shares have taken a beating in relation to other tech stocks on Wall Street.
Starbucks revealed a 15% rise in fiscal Q2 2022 revenue amid rising costs of ingredients, lockdowns in China, and employee unionization.
As trading operations will continue in the Nordic markets, there is a risk of monetary and reputational damage to Citi. Currently, Citigroup is in talks with regulators and exchanges about the incident.
Although Amazon showed a net operating loss during the first quarter, its cloud business showed strong growth providing some cushion to the company’s overall declining revenue.
Intel’s Client Computing Group saw a lower than expected revenue which came in at $9.29 billion.
The company did not announce any guidance for the coming quarter.
NASDAQ futures, as well as futures of other US leading indexes fell after discouraging earnings reports from tech companies.
Robinhood Chief Financial Officer Jason Warnick noted that the macroeconomic environment affecting customers has an impact on the company’s Q1 2022 financial performance.
Compared to the 2021 Q1, PayPal spiked 13% to $323.05 billion in its total payment volume for the last quarter.
The Microsoft (MSFT) deal with Activision Blizzard is expected to close before July 2023.
Qualcomm reported a healthy set of numbers for the quarter ending March with its smartphones chip sales growing 56% year-over-year.
Meta expects its Q2 revenue to be between $28 and $30 billion.
PINS stock jumped 8% in after-market hours as the company’s ad revenue per user was up 28% at $1.33.
Amidst the growth in revenue and user count, the company said it increased its Operating Expense which totaled €677 million in Q1, an increase of 27% when compared to the year-ago period.