$CHROME HLDG CO(901ESC012)$ Wall Street has delivered plenty of scares lately. Alphabet plunged more than 12% in a single session, Amazon tumbled after earnings, and Meta's massive AI spending plans spooked investors. Even Big Tech isn't safe from a Halloween fright!
Wall Street has delivered plenty of scares lately. Alphabet plunged more than 12% in a single session, Amazon tumbled after earnings, and Meta's massive AI spending plans spooked investors. Even Big Tech isn't safe from a Halloween fright!
Amazon reported third-quarter revenue of $201.9 billion, up 12 per cent, and earnings of $1.89 a share. AWS revenue grew 39 per cent to $46.0 billion, while operating income rose 55 per cent to $17.8 billion. The issue was cash generation: trailing 12-month free cash flow swung from positive $14.8 billion a year earlier to negative $42.4 billion.
$XIAOMI-W(01810)$ Among major technology stocks, Tencent’s adjusted net profit attributable to shareholders rose 9% in the second quarter, although capital expenditure increased sharply. Alibaba’s adjusted net profit fell 38% in the June quarter, indicating divergent support from technology stocks.
Among major technology stocks, Tencent’s adjusted net profit attributable to shareholders rose 9% in the second quarter, although capital expenditure increased sharply. Alibaba’s adjusted net profit fell 38% in the June quarter, indicating divergent support from technology stocks.