Microsoft, Meta, and Qualcomm will kick off a parade of tech earnings after the bell on Wednesday, as Wall Street continues to question the validity of the broader AI trade that is sending chip stocks south.
Memory chip maker SK Hynix reported its results late Tuesday evening, with operating profit climbing a wild 557%. But even that wasn't enough to satisfy investors.
All eyes will be on capital expenditures numbers from Microsoft, Meta, and Amazon, which reports Thursday, after Alphabet's (GOOG, GOOGL) increased capex guidance spooked investors.
Meta, meanwhile, announced that it is entering into a $14 billion agreement with BlackRock to build a 1-gigawatt data center in Texas.
Apple, which has benefited thanks to its more restrained spending, saw its market capitalization briefly surpass the $5 trillion mark on Tuesday, making it just the second company to do so.
#Microsoft #tuesday
Memory chip maker SK Hynix reported its results late Tuesday evening, with operating profit climbing a wild 557%. But even that wasn't enough to satisfy investors.
All eyes will be on capital expenditures numbers from Microsoft, Meta, and Amazon, which reports Thursday, after Alphabet's (GOOG, GOOGL) increased capex guidance spooked investors.
Meta, meanwhile, announced that it is entering into a $14 billion agreement with BlackRock to build a 1-gigawatt data center in Texas.
Apple, which has benefited thanks to its more restrained spending, saw its market capitalization briefly surpass the $5 trillion mark on Tuesday, making it just the second company to do so.
#Microsoft #tuesday
2 months ago
