Big Tech
Apple Posts Record $109.4bn Quarter and Falls 6% on Supply Warning
Apple revenue rose 16% to $109.4bn with iPhone sales up 22% and records in three categories. Guidance citing supply constraints sent the…
Microsoft and Meta Spent Alike. Only One of Them Was Forgiven.
Azure growth accelerated to 43% and passed $100bn for the year. Meta beat on revenue, missed on profit and raised its spending…
Apple Sat Out the AI Spending Race and Became the World Most Valuable Company
Apple briefly touched $5 trillion on Tuesday, a day after passing Nvidia. Its shares are up 19% in a month while Nvidia…
The Dow Hit a Record on the Day the Chip Trade Broke
The Dow closed at a record and the equal-weighted S&P 500 did too, while semiconductors fell a fourth straight day. For the…
Big Tech Spent Its Way to a Reckoning, and This Week Delivers the Bill
Alphabet beat on revenue and fell 5% on a $205 billion capital budget. With Microsoft, Meta, Apple and Amazon reporting in 48…