shippu personal page - To The Moon

shippu

No personal profile

13Follow

0Followers

0Topic

0Badge

2022-07-23

Very well articulated

The CHIPS Act Could Boost These 3 Semiconductor Stocks

2022-02-06

Like

Here Are the Tech Stocks to Buy After a Crazy Week of Earnings

Go to Tiger App to see more news

{"i18n":{"language":"en_US"},"userPageInfo":{"id":"4106173090621980","uuid":"4106173090621980","gmtCreate":1643071562011,"gmtModify":1643071562011,"name":"shippu","pinyin":"shippu","introduction":"","introductionEn":"","signature":"","avatar":"https://static.laohu8.com/default-avatar.jpg","hat":null,"hatId":null,"hatName":null,"vip":1,"status":2,"fanSize":0,"headSize":13,"tweetSize":2,"questionSize":0,"limitLevel":999,"accountStatus":4,"level":{"id":0,"name":"","nameTw":"","represent":"","factor":"","iconColor":"","bgColor":""},"themeCounts":0,"badgeCounts":0,"badges":[],"moderator":false,"superModerator":false,"manageSymbols":null,"badgeLevel":null,"boolIsFan":false,"boolIsHead":false,"favoriteSize":1,"symbols":null,"coverImage":null,"realNameVerified":"init","userBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-2","templateUuid":"1026c425416b44e0aac28c11a0848493","name":"Senior Tiger","description":"Join the tiger community for 1000 days","bigImgUrl":"https://static.tigerbbs.com/0063fb68ea29c9ae6858c58630e182d5","smallImgUrl":"https://static.tigerbbs.com/96c699a93be4214d4b49aea6a5a5d1a4","grayImgUrl":"https://static.tigerbbs.com/35b0e542a9ff77046ed69ef602bc105d","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2024.10.30","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1001},{"badgeId":"44212b71d0be4ec88898348dbe882e03-1","templateUuid":"44212b71d0be4ec88898348dbe882e03","name":"Boss Tiger","description":"The transaction amount of the securities account reaches $100,000","bigImgUrl":"https://static.tigerbbs.com/c8dfc27c1ee0e25db1c93e9d0b641101","smallImgUrl":"https://static.tigerbbs.com/f43908c142f8a33c78f5bdf0e2897488","grayImgUrl":"https://static.tigerbbs.com/82165ff19cb8a786e8919f92acee5213","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2023.07.14","exceedPercentage":"60.10%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1101},{"badgeId":"972123088c9646f7b6091ae0662215be-1","templateUuid":"972123088c9646f7b6091ae0662215be","name":"Elite Trader","description":"Total number of securities or futures transactions reached 30","bigImgUrl":"https://static.tigerbbs.com/ab0f87127c854ce3191a752d57b46edc","smallImgUrl":"https://static.tigerbbs.com/c9835ce48b8c8743566d344ac7a7ba8c","grayImgUrl":"https://static.tigerbbs.com/76754b53ce7a90019f132c1d2fbc698f","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.04.06","exceedPercentage":"60.35%","individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100},{"badgeId":"7a9f168ff73447fe856ed6c938b61789-1","templateUuid":"7a9f168ff73447fe856ed6c938b61789","name":"Knowledgeable Investor","description":"Traded more than 10 stocks","bigImgUrl":"https://static.tigerbbs.com/e74cc24115c4fbae6154ec1b1041bf47","smallImgUrl":"https://static.tigerbbs.com/d48265cbfd97c57f9048db29f22227b0","grayImgUrl":"https://static.tigerbbs.com/76c6d6898b073c77e1c537ebe9ac1c57","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.02.25","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1102},{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"redirectLink":null,"hasAllocated":1,"isWearing":0,"stamp":null,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.02.06","exceedPercentage":null,"individualDisplayEnabled":0,"backgroundColor":null,"fontColor":null,"individualDisplaySort":0,"categoryType":1100}],"userBadgeCount":5,"currentWearingBadge":null,"individualDisplayBadges":null,"crmLevel":2,"crmLevelSwitch":0,"location":null,"starInvestorFollowerNum":0,"starInvestorFlag":false,"starInvestorOrderShareNum":0,"subscribeStarInvestorNum":0,"ror":null,"winRationPercentage":null,"showRor":false,"investmentPhilosophy":null,"starInvestorSubscribeFlag":false},"baikeInfo":{},"tab":"post","tweets":[{"id":9077258130,"gmtCreate":1658536559420,"gmtModify":1676536172440,"author":{"id":"4106173090621980","authorId":"4106173090621980","name":"shippu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106173090621980","authorIdStr":"4106173090621980"},"themes":[],"htmlText":"Very well articulated&nbsp;","listText":"Very well articulated&nbsp;","text":"Very well articulated","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077258130","repostId":"2253749498","repostType":2,"repost":{"id":"2253749498","pubTimestamp":1658469162,"share":"https://ttm.financial/m/news/2253749498?lang=&edition=fundamental","pubTime":"2022-07-22 13:52","market":"us","language":"en","title":"The CHIPS Act Could Boost These 3 Semiconductor Stocks","url":"https://stock-news.laohu8.com/highlight/detail?id=2253749498","media":"Motley Fool","summary":"Intel, TSMC, and Texas Instruments would all benefit if it passed.","content":"<html><head></head><body><p>In June 2020, the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act was introduced in the House of Representatives by U.S. Rep. Michael McCaul (R-Texas). The act called for the U.S. to boost its subsidies for domestic chipmakers to address the global chip shortage, reduce the country&#39;s dependence on Asian chip foundries, and stay ahead of China in the semiconductor race.</p><p>The CHIPS Act would provide $52 billion in subsidies and tax breaks for domestic chipmakers. But more than two years later, it still hasn&#39;t passed Congress. The Senate recently cleared the way toward a final vote on the bill next week, but some Republicans are still reportedly reluctant to approve those high subsidies. Some chipmakers have also pointed out that the act favors integrated device manufacturers, which produce their own chips, over &#34;fabless&#34; chipmakers, which outsource manufacturing to third-party foundries.</p><p>All that noise can make it difficult to figure out exactly which chipmakers would benefit from the passage of the CHIPS Act. So today, I&#39;ll highlight three chip stocks that could rally the most if it&#39;s approved.</p><h2>1. Intel</h2><p><b>Intel</b> is an integrated device manufacturer that still produces most of its chips, but over the past decade, it fell behind <b>Taiwan Semiconductor Manufacturing</b>(also known as TSMC) in the &#34;process race&#34; to create smaller and denser chips. Intel lost its crown as it struggled with R&amp;D blunders, manufacturing mishaps, chip shortages, and delays. TSMC also started installing <b>ASML Holding</b>&#39;s top-tier extreme ultraviolet (EUV) lithography systems -- which etch circuit patterns into the world&#39;s most advanced chips -- long before Intel did.</p><p>As a result, Intel is now approximately one to two chip generations behind TSMC. TSMC plans to boost its capital expenditures from 2021&#39;s $30 billion to a historic high of $40 billion in 2022 to maintain that lead. Intel can only afford to increase its capital expenditures to $27 billion this year -- yet it claims it can catch up to TSMC in the process race by 2025.</p><p>That&#39;s why Intel has been aggressively lobbying for the approval of the CHIPS Act. As the country&#39;s largest chipmaker, it believes it can secure a large portion of those subsidies, allowing it to close its spending gap with TSMC. It also plans to open up its domestic foundries to fabless chipmakers, which could help it challenge TSMC in the third-party contract chipmaking market.</p><h2>2. Taiwan Semiconductor Manufacturing</h2><p>At first glance, the CHIPS Act seems aimed at reducing the dependence of fabless chipmakers like <b>Advanced Micro Devices</b>,<b> Nvidia</b>, and <b>Qualcomm </b>on TSMC and other Asian foundries.</p><p>However, the U.S. has also been courting TSMC with subsidies to convince it to open more stateside foundries. Back in 2020, Washington subsidized the construction of TSMC&#39;s $12 billion plant in Arizona for the production of its 5nm chips -- which are less advanced than the chips it makes in Taiwan, but far more advanced than the older-generation chips it manufactures in China.</p><p>Intel CEO Pat Gelsinger loudly protested that decision, but the CHIPS Act would likely free up more subsidies for TSMC&#39;s Arizona plant and other foundries it might open in the future. If TSMC builds additional plants in the U.S., it could conceivably snuff out Intel&#39;s plans of becoming a major third-party contract chipmaker.</p><h2>3. Texas Instruments</h2><p><b>Texas Instruments</b> provides a wide range of analog and embedded chips to the automotive, industrial, consumer electronics, and communications industries. It manufactures its analog chips at its own foundries and outsources some of its embedded chips to overseas foundries.</p><p>Over the past few years, Texas Instruments has been upgrading its own plants from 200mm to 300mm wafers to reduce the costs of its unpackaged parts by roughly 40%. That strategy enabled it to consistently expand its gross margins.</p><p>But earlier this year, it announced that it would increase its capital expenditures to about $3.5 billion annually -- a mid-teens percentage of its projected revenues -- over the next four years to upgrade its plants. It also plans to keep that spending elevated at about 10% of its revenues from 2025 to 2030.</p><p>Texas Instruments can easily handle that spending boost, but it could change the public perception of the chipmaker as a shareholder-friendly company that regularly returns all of its free cash flow to investors through buybacks and dividends. The CHIPS Act might help it mitigate that spending pressure.</p><h2>Not all chipmakers will benefit from the CHIPS Act</h2><p>Shares of Intel, TSMC, and Texas Instruments will likely rally if the CHIPS Act is finally approved, as will shares of other American integrated device manufacturers like <b>Micron Technology</b> or <b>Skyworks Solutions</b>.</p><p>However, fabless chipmakers like Nvidia, AMD, and Qualcomm probably won&#39;t see much of a boost, since they&#39;re still dependent on big Asian foundries like TSMC and <b>Samsung</b>. The CHIPS Act won&#39;t be a magic bullet for the U.S. semiconductor industry, but it could convince more chipmakers to build first-party fabrication plants domestically again.</p></body></html>","source":"fool_stock","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>The CHIPS Act Could Boost These 3 Semiconductor Stocks</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nThe CHIPS Act Could Boost These 3 Semiconductor Stocks\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-07-22 13:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.fool.com/investing/2022/07/21/chips-act-could-boost-these-semiconductor-stocks/><strong>Motley Fool</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>In June 2020, the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act was introduced in the House of Representatives by U.S. Rep. Michael McCaul (R-Texas). The act called for...</p>\n\n<a href=\"https://www.fool.com/investing/2022/07/21/chips-act-could-boost-these-semiconductor-stocks/\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TXN":"德州仪器","INTC":"英特尔","TSM":"台积电"},"source_url":"https://www.fool.com/investing/2022/07/21/chips-act-could-boost-these-semiconductor-stocks/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2253749498","content_text":"In June 2020, the Creating Helpful Incentives to Produce Semiconductors for America (CHIPS) Act was introduced in the House of Representatives by U.S. Rep. Michael McCaul (R-Texas). The act called for the U.S. to boost its subsidies for domestic chipmakers to address the global chip shortage, reduce the country's dependence on Asian chip foundries, and stay ahead of China in the semiconductor race.The CHIPS Act would provide $52 billion in subsidies and tax breaks for domestic chipmakers. But more than two years later, it still hasn't passed Congress. The Senate recently cleared the way toward a final vote on the bill next week, but some Republicans are still reportedly reluctant to approve those high subsidies. Some chipmakers have also pointed out that the act favors integrated device manufacturers, which produce their own chips, over \"fabless\" chipmakers, which outsource manufacturing to third-party foundries.All that noise can make it difficult to figure out exactly which chipmakers would benefit from the passage of the CHIPS Act. So today, I'll highlight three chip stocks that could rally the most if it's approved.1. IntelIntel is an integrated device manufacturer that still produces most of its chips, but over the past decade, it fell behind Taiwan Semiconductor Manufacturing(also known as TSMC) in the \"process race\" to create smaller and denser chips. Intel lost its crown as it struggled with R&D blunders, manufacturing mishaps, chip shortages, and delays. TSMC also started installing ASML Holding's top-tier extreme ultraviolet (EUV) lithography systems -- which etch circuit patterns into the world's most advanced chips -- long before Intel did.As a result, Intel is now approximately one to two chip generations behind TSMC. TSMC plans to boost its capital expenditures from 2021's $30 billion to a historic high of $40 billion in 2022 to maintain that lead. Intel can only afford to increase its capital expenditures to $27 billion this year -- yet it claims it can catch up to TSMC in the process race by 2025.That's why Intel has been aggressively lobbying for the approval of the CHIPS Act. As the country's largest chipmaker, it believes it can secure a large portion of those subsidies, allowing it to close its spending gap with TSMC. It also plans to open up its domestic foundries to fabless chipmakers, which could help it challenge TSMC in the third-party contract chipmaking market.2. Taiwan Semiconductor ManufacturingAt first glance, the CHIPS Act seems aimed at reducing the dependence of fabless chipmakers like Advanced Micro Devices, Nvidia, and Qualcomm on TSMC and other Asian foundries.However, the U.S. has also been courting TSMC with subsidies to convince it to open more stateside foundries. Back in 2020, Washington subsidized the construction of TSMC's $12 billion plant in Arizona for the production of its 5nm chips -- which are less advanced than the chips it makes in Taiwan, but far more advanced than the older-generation chips it manufactures in China.Intel CEO Pat Gelsinger loudly protested that decision, but the CHIPS Act would likely free up more subsidies for TSMC's Arizona plant and other foundries it might open in the future. If TSMC builds additional plants in the U.S., it could conceivably snuff out Intel's plans of becoming a major third-party contract chipmaker.3. Texas InstrumentsTexas Instruments provides a wide range of analog and embedded chips to the automotive, industrial, consumer electronics, and communications industries. It manufactures its analog chips at its own foundries and outsources some of its embedded chips to overseas foundries.Over the past few years, Texas Instruments has been upgrading its own plants from 200mm to 300mm wafers to reduce the costs of its unpackaged parts by roughly 40%. That strategy enabled it to consistently expand its gross margins.But earlier this year, it announced that it would increase its capital expenditures to about $3.5 billion annually -- a mid-teens percentage of its projected revenues -- over the next four years to upgrade its plants. It also plans to keep that spending elevated at about 10% of its revenues from 2025 to 2030.Texas Instruments can easily handle that spending boost, but it could change the public perception of the chipmaker as a shareholder-friendly company that regularly returns all of its free cash flow to investors through buybacks and dividends. The CHIPS Act might help it mitigate that spending pressure.Not all chipmakers will benefit from the CHIPS ActShares of Intel, TSMC, and Texas Instruments will likely rally if the CHIPS Act is finally approved, as will shares of other American integrated device manufacturers like Micron Technology or Skyworks Solutions.However, fabless chipmakers like Nvidia, AMD, and Qualcomm probably won't see much of a boost, since they're still dependent on big Asian foundries like TSMC and Samsung. The CHIPS Act won't be a magic bullet for the U.S. semiconductor industry, but it could convince more chipmakers to build first-party fabrication plants domestically again.","news_type":1},"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098816563,"gmtCreate":1644077745101,"gmtModify":1676533888411,"author":{"id":"4106173090621980","authorId":"4106173090621980","name":"shippu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106173090621980","authorIdStr":"4106173090621980"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098816563","repostId":"1105297016","repostType":4,"repost":{"id":"1105297016","pubTimestamp":1644048053,"share":"https://ttm.financial/m/news/1105297016?lang=&edition=fundamental","pubTime":"2022-02-05 16:00","market":"us","language":"en","title":"Here Are the Tech Stocks to Buy After a Crazy Week of Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1105297016","media":"Barrons","summary":"Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.T","content":"<html><head></head><body><p>Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.</p><p>The tech megacaps— Alphabet (ticker: GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (FB), and Microsoft (MSFT)—are some of the most widely scrutinized institutions on Earth. Investors, analysts, journalists, and legislators poke, prod, test, and study the companies down to a microscopic level. And yet this quarter, each one of them managed to surprise. Facebook parent Meta Platforms tanked the entire market on Thursday after its weak report, only to see stocks rescued a day later by Amazon’s impressive growth.</p><p>Now that we’ve had a few minutes to breathe, here are some thoughts on tech’s crazy week:</p><p><b>Amazon’s strategy of diversification is paying off:</b> This was the quarter that Amazon clearly demonstrated that it’s far more than an e-tailer. Its Amazon Web Services cloud business is on fire—it’s arguably a more valuable (and far less cyclical) business than the company’s legacy e-commerce arm. It is no accident that founder Jeff Bezos chose Andy Jassy—who built and ran AWS—to be his successor as CEO.</p><p>But there’s more to the quarter. Amazon’s advertising business generated $10 billion in sales in the latest period, having doubled in a bit more than a year. It now generates more ad dollars than Google’s YouTube. People come to the Amazon store with intent—no matter what you search for, you will see an assortment of sponsored listings, i.e., advertising. I did a search for “staple gun,” just to prove the point, and the results included more than a dozen sponsored listings.</p><p>Amazon’s third-party services business, meanwhile, now has an annual run rate of more than $120 billion. The business has become an indispensable channel for vendors of every variety, thanks to its warehousing and delivery services.</p><p>Amazon has built one of the most effective logistics networks on Earth—some analyst estimates have Amazon delivering more packages this year than $200 billion market-value United Parcel Service (UPS). Even after Friday’s 14% rally, Amazon shares are still down year to date, following just a minimal gain in 2021. The stock looks like a bargain.</p><p><b>You can’t overstate the importance of cloud computing:</b> One of the most important themes from the last two weeks is that the cloud businesses at Amazon, Microsoft, and Alphabet just continue to get better. All three turned in better-than-expected results. Microsoft reported 46% growth for its Azure business in the December quarter—and projected even faster growth in the March quarter. Google Cloud revenue grew 45% for the second straight quarter. And AWS helped offset softness in Amazon’s core e-commerce business, with revenue growth improving to 40% from 39%, accelerating for the fourth-straight quarter. The cloud arms of these three giants are the best enterprise computing businesses in the market.</p><p><b>Raising the stakes:</b> Amazon last week raised the monthly rate on Amazon Prime by 15% for monthly payers to $15.99; annual subscription will see a 17% increase to $139. The company last increased the Prime subscription rate in 2018, and costs for labor and delivery are rising, so a price bump seems rational.</p><p>The move comes just weeks after Netflix (NFLX) instituted a price increase for its subscribers in the U.S. and Canada. It will be interesting to see the consumer reaction, but my suspicion is that elasticity is high—the services are valuable, and there aren’t easy substitutions.</p><p>The price hikes indicate just how confident Amazon and Netflix are about their subscriptions. Here’s a little perspective: the New York Times (NYT), which in recent weeks announced deals to acquire the sports news site the Athletic and the popular word game Wordle, has set a goal of 15 million total subscribers by 2027. Both Amazon and Netflix have more than 200 million subscribers apiece.</p><p><b>Spend wisely:</b> Alphabet last week declared a 20-for-1 stock split, which will bring the share price down to around the $150 range. But what they aren’t doing is paying actual dividends. They should. The company has $140 billion in cash and equivalents; it generated $18.6 billion in free cash flow in the latest quarter.</p><p>Meta just highlighted the risks of choosing buybacks over dividends. The Facebook parent bought back $33 billion of stock over just the last two quarters. Given the Meta selloff last week, that cash was basically set on fire. Had the company instead declared a special dividend, it could have paid holders close to $14 a share.</p><p><b>The shakeout isn’t over:</b> The underlying issues that have plagued tech stocks for months are still in place. Interest rates are going to head higher still. Chips remain in short supply. Inflation is uncomfortably high. The market’s appetite for speculative names is low. There’s a reason the best performing tech stocks so far this year are cheap—old school names like VMware (VMW), Hewlett Packard Enterprise (HPE), Dell Technologies (DELL), and IBM (IBM).</p><p>In the past two weeks we’ve learned that more than ever the market likes consistency. That’s what made Meta’s earnings and outlook this past week so troubling: Facebook is no longer the reliable performer investors have come to expect. But the rest of Big Tech still fits the bill. Apple and Microsoft consistently beat expectations with products customers want. And you can say the same for Google and Amazon. Once again, Big Tech was the earnings season winner.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the Tech Stocks to Buy After a Crazy Week of Earnings </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the Tech Stocks to Buy After a Crazy Week of Earnings \n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-05 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tech-stocks-to-buy-after-a-crazy-week-of-earnings-51644019511?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.The tech megacaps— Alphabet (ticker: GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (FB), ...</p>\n\n<a href=\"https://www.barrons.com/articles/tech-stocks-to-buy-after-a-crazy-week-of-earnings-51644019511?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/tech-stocks-to-buy-after-a-crazy-week-of-earnings-51644019511?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105297016","content_text":"Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.The tech megacaps— Alphabet (ticker: GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (FB), and Microsoft (MSFT)—are some of the most widely scrutinized institutions on Earth. Investors, analysts, journalists, and legislators poke, prod, test, and study the companies down to a microscopic level. And yet this quarter, each one of them managed to surprise. Facebook parent Meta Platforms tanked the entire market on Thursday after its weak report, only to see stocks rescued a day later by Amazon’s impressive growth.Now that we’ve had a few minutes to breathe, here are some thoughts on tech’s crazy week:Amazon’s strategy of diversification is paying off: This was the quarter that Amazon clearly demonstrated that it’s far more than an e-tailer. Its Amazon Web Services cloud business is on fire—it’s arguably a more valuable (and far less cyclical) business than the company’s legacy e-commerce arm. It is no accident that founder Jeff Bezos chose Andy Jassy—who built and ran AWS—to be his successor as CEO.But there’s more to the quarter. Amazon’s advertising business generated $10 billion in sales in the latest period, having doubled in a bit more than a year. It now generates more ad dollars than Google’s YouTube. People come to the Amazon store with intent—no matter what you search for, you will see an assortment of sponsored listings, i.e., advertising. I did a search for “staple gun,” just to prove the point, and the results included more than a dozen sponsored listings.Amazon’s third-party services business, meanwhile, now has an annual run rate of more than $120 billion. The business has become an indispensable channel for vendors of every variety, thanks to its warehousing and delivery services.Amazon has built one of the most effective logistics networks on Earth—some analyst estimates have Amazon delivering more packages this year than $200 billion market-value United Parcel Service (UPS). Even after Friday’s 14% rally, Amazon shares are still down year to date, following just a minimal gain in 2021. The stock looks like a bargain.You can’t overstate the importance of cloud computing: One of the most important themes from the last two weeks is that the cloud businesses at Amazon, Microsoft, and Alphabet just continue to get better. All three turned in better-than-expected results. Microsoft reported 46% growth for its Azure business in the December quarter—and projected even faster growth in the March quarter. Google Cloud revenue grew 45% for the second straight quarter. And AWS helped offset softness in Amazon’s core e-commerce business, with revenue growth improving to 40% from 39%, accelerating for the fourth-straight quarter. The cloud arms of these three giants are the best enterprise computing businesses in the market.Raising the stakes: Amazon last week raised the monthly rate on Amazon Prime by 15% for monthly payers to $15.99; annual subscription will see a 17% increase to $139. The company last increased the Prime subscription rate in 2018, and costs for labor and delivery are rising, so a price bump seems rational.The move comes just weeks after Netflix (NFLX) instituted a price increase for its subscribers in the U.S. and Canada. It will be interesting to see the consumer reaction, but my suspicion is that elasticity is high—the services are valuable, and there aren’t easy substitutions.The price hikes indicate just how confident Amazon and Netflix are about their subscriptions. Here’s a little perspective: the New York Times (NYT), which in recent weeks announced deals to acquire the sports news site the Athletic and the popular word game Wordle, has set a goal of 15 million total subscribers by 2027. Both Amazon and Netflix have more than 200 million subscribers apiece.Spend wisely: Alphabet last week declared a 20-for-1 stock split, which will bring the share price down to around the $150 range. But what they aren’t doing is paying actual dividends. They should. The company has $140 billion in cash and equivalents; it generated $18.6 billion in free cash flow in the latest quarter.Meta just highlighted the risks of choosing buybacks over dividends. The Facebook parent bought back $33 billion of stock over just the last two quarters. Given the Meta selloff last week, that cash was basically set on fire. Had the company instead declared a special dividend, it could have paid holders close to $14 a share.The shakeout isn’t over: The underlying issues that have plagued tech stocks for months are still in place. Interest rates are going to head higher still. Chips remain in short supply. Inflation is uncomfortably high. The market’s appetite for speculative names is low. There’s a reason the best performing tech stocks so far this year are cheap—old school names like VMware (VMW), Hewlett Packard Enterprise (HPE), Dell Technologies (DELL), and IBM (IBM).In the past two weeks we’ve learned that more than ever the market likes consistency. That’s what made Meta’s earnings and outlook this past week so troubling: Facebook is no longer the reliable performer investors have come to expect. But the rest of Big Tech still fits the bill. Apple and Microsoft consistently beat expectations with products customers want. And you can say the same for Google and Amazon. Once again, Big Tech was the earnings season winner.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9077258130,"gmtCreate":1658536559420,"gmtModify":1676536172440,"author":{"id":"4106173090621980","authorId":"4106173090621980","name":"shippu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106173090621980","authorIdStr":"4106173090621980"},"themes":[],"htmlText":"Very well articulated&nbsp;","listText":"Very well articulated&nbsp;","text":"Very well articulated","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9077258130","repostId":"2253749498","repostType":2,"isVote":1,"tweetType":1,"viewCount":200,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9098816563,"gmtCreate":1644077745101,"gmtModify":1676533888411,"author":{"id":"4106173090621980","authorId":"4106173090621980","name":"shippu","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4106173090621980","authorIdStr":"4106173090621980"},"themes":[],"htmlText":"Like","listText":"Like","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9098816563","repostId":"1105297016","repostType":4,"repost":{"id":"1105297016","pubTimestamp":1644048053,"share":"https://ttm.financial/m/news/1105297016?lang=&edition=fundamental","pubTime":"2022-02-05 16:00","market":"us","language":"en","title":"Here Are the Tech Stocks to Buy After a Crazy Week of Earnings","url":"https://stock-news.laohu8.com/highlight/detail?id=1105297016","media":"Barrons","summary":"Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.T","content":"<html><head></head><body><p>Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.</p><p>The tech megacaps— Alphabet (ticker: GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (FB), and Microsoft (MSFT)—are some of the most widely scrutinized institutions on Earth. Investors, analysts, journalists, and legislators poke, prod, test, and study the companies down to a microscopic level. And yet this quarter, each one of them managed to surprise. Facebook parent Meta Platforms tanked the entire market on Thursday after its weak report, only to see stocks rescued a day later by Amazon’s impressive growth.</p><p>Now that we’ve had a few minutes to breathe, here are some thoughts on tech’s crazy week:</p><p><b>Amazon’s strategy of diversification is paying off:</b> This was the quarter that Amazon clearly demonstrated that it’s far more than an e-tailer. Its Amazon Web Services cloud business is on fire—it’s arguably a more valuable (and far less cyclical) business than the company’s legacy e-commerce arm. It is no accident that founder Jeff Bezos chose Andy Jassy—who built and ran AWS—to be his successor as CEO.</p><p>But there’s more to the quarter. Amazon’s advertising business generated $10 billion in sales in the latest period, having doubled in a bit more than a year. It now generates more ad dollars than Google’s YouTube. People come to the Amazon store with intent—no matter what you search for, you will see an assortment of sponsored listings, i.e., advertising. I did a search for “staple gun,” just to prove the point, and the results included more than a dozen sponsored listings.</p><p>Amazon’s third-party services business, meanwhile, now has an annual run rate of more than $120 billion. The business has become an indispensable channel for vendors of every variety, thanks to its warehousing and delivery services.</p><p>Amazon has built one of the most effective logistics networks on Earth—some analyst estimates have Amazon delivering more packages this year than $200 billion market-value United Parcel Service (UPS). Even after Friday’s 14% rally, Amazon shares are still down year to date, following just a minimal gain in 2021. The stock looks like a bargain.</p><p><b>You can’t overstate the importance of cloud computing:</b> One of the most important themes from the last two weeks is that the cloud businesses at Amazon, Microsoft, and Alphabet just continue to get better. All three turned in better-than-expected results. Microsoft reported 46% growth for its Azure business in the December quarter—and projected even faster growth in the March quarter. Google Cloud revenue grew 45% for the second straight quarter. And AWS helped offset softness in Amazon’s core e-commerce business, with revenue growth improving to 40% from 39%, accelerating for the fourth-straight quarter. The cloud arms of these three giants are the best enterprise computing businesses in the market.</p><p><b>Raising the stakes:</b> Amazon last week raised the monthly rate on Amazon Prime by 15% for monthly payers to $15.99; annual subscription will see a 17% increase to $139. The company last increased the Prime subscription rate in 2018, and costs for labor and delivery are rising, so a price bump seems rational.</p><p>The move comes just weeks after Netflix (NFLX) instituted a price increase for its subscribers in the U.S. and Canada. It will be interesting to see the consumer reaction, but my suspicion is that elasticity is high—the services are valuable, and there aren’t easy substitutions.</p><p>The price hikes indicate just how confident Amazon and Netflix are about their subscriptions. Here’s a little perspective: the New York Times (NYT), which in recent weeks announced deals to acquire the sports news site the Athletic and the popular word game Wordle, has set a goal of 15 million total subscribers by 2027. Both Amazon and Netflix have more than 200 million subscribers apiece.</p><p><b>Spend wisely:</b> Alphabet last week declared a 20-for-1 stock split, which will bring the share price down to around the $150 range. But what they aren’t doing is paying actual dividends. They should. The company has $140 billion in cash and equivalents; it generated $18.6 billion in free cash flow in the latest quarter.</p><p>Meta just highlighted the risks of choosing buybacks over dividends. The Facebook parent bought back $33 billion of stock over just the last two quarters. Given the Meta selloff last week, that cash was basically set on fire. Had the company instead declared a special dividend, it could have paid holders close to $14 a share.</p><p><b>The shakeout isn’t over:</b> The underlying issues that have plagued tech stocks for months are still in place. Interest rates are going to head higher still. Chips remain in short supply. Inflation is uncomfortably high. The market’s appetite for speculative names is low. There’s a reason the best performing tech stocks so far this year are cheap—old school names like VMware (VMW), Hewlett Packard Enterprise (HPE), Dell Technologies (DELL), and IBM (IBM).</p><p>In the past two weeks we’ve learned that more than ever the market likes consistency. That’s what made Meta’s earnings and outlook this past week so troubling: Facebook is no longer the reliable performer investors have come to expect. But the rest of Big Tech still fits the bill. Apple and Microsoft consistently beat expectations with products customers want. And you can say the same for Google and Amazon. Once again, Big Tech was the earnings season winner.</p></body></html>","source":"lsy1601382232898","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here Are the Tech Stocks to Buy After a Crazy Week of Earnings </title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHere Are the Tech Stocks to Buy After a Crazy Week of Earnings \n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-02-05 16:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.barrons.com/articles/tech-stocks-to-buy-after-a-crazy-week-of-earnings-51644019511?mod=hp_LATEST><strong>Barrons</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.The tech megacaps— Alphabet (ticker: GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (FB), ...</p>\n\n<a href=\"https://www.barrons.com/articles/tech-stocks-to-buy-after-a-crazy-week-of-earnings-51644019511?mod=hp_LATEST\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果","GOOGL":"谷歌A","AMZN":"亚马逊","NFLX":"奈飞"},"source_url":"https://www.barrons.com/articles/tech-stocks-to-buy-after-a-crazy-week-of-earnings-51644019511?mod=hp_LATEST","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1105297016","content_text":"Tech investors just survived what could be the most tumultuous stretch of earnings we’ve ever seen.The tech megacaps— Alphabet (ticker: GOOGL), Amazon.com (AMZN), Apple (AAPL), Meta Platforms (FB), and Microsoft (MSFT)—are some of the most widely scrutinized institutions on Earth. Investors, analysts, journalists, and legislators poke, prod, test, and study the companies down to a microscopic level. And yet this quarter, each one of them managed to surprise. Facebook parent Meta Platforms tanked the entire market on Thursday after its weak report, only to see stocks rescued a day later by Amazon’s impressive growth.Now that we’ve had a few minutes to breathe, here are some thoughts on tech’s crazy week:Amazon’s strategy of diversification is paying off: This was the quarter that Amazon clearly demonstrated that it’s far more than an e-tailer. Its Amazon Web Services cloud business is on fire—it’s arguably a more valuable (and far less cyclical) business than the company’s legacy e-commerce arm. It is no accident that founder Jeff Bezos chose Andy Jassy—who built and ran AWS—to be his successor as CEO.But there’s more to the quarter. Amazon’s advertising business generated $10 billion in sales in the latest period, having doubled in a bit more than a year. It now generates more ad dollars than Google’s YouTube. People come to the Amazon store with intent—no matter what you search for, you will see an assortment of sponsored listings, i.e., advertising. I did a search for “staple gun,” just to prove the point, and the results included more than a dozen sponsored listings.Amazon’s third-party services business, meanwhile, now has an annual run rate of more than $120 billion. The business has become an indispensable channel for vendors of every variety, thanks to its warehousing and delivery services.Amazon has built one of the most effective logistics networks on Earth—some analyst estimates have Amazon delivering more packages this year than $200 billion market-value United Parcel Service (UPS). Even after Friday’s 14% rally, Amazon shares are still down year to date, following just a minimal gain in 2021. The stock looks like a bargain.You can’t overstate the importance of cloud computing: One of the most important themes from the last two weeks is that the cloud businesses at Amazon, Microsoft, and Alphabet just continue to get better. All three turned in better-than-expected results. Microsoft reported 46% growth for its Azure business in the December quarter—and projected even faster growth in the March quarter. Google Cloud revenue grew 45% for the second straight quarter. And AWS helped offset softness in Amazon’s core e-commerce business, with revenue growth improving to 40% from 39%, accelerating for the fourth-straight quarter. The cloud arms of these three giants are the best enterprise computing businesses in the market.Raising the stakes: Amazon last week raised the monthly rate on Amazon Prime by 15% for monthly payers to $15.99; annual subscription will see a 17% increase to $139. The company last increased the Prime subscription rate in 2018, and costs for labor and delivery are rising, so a price bump seems rational.The move comes just weeks after Netflix (NFLX) instituted a price increase for its subscribers in the U.S. and Canada. It will be interesting to see the consumer reaction, but my suspicion is that elasticity is high—the services are valuable, and there aren’t easy substitutions.The price hikes indicate just how confident Amazon and Netflix are about their subscriptions. Here’s a little perspective: the New York Times (NYT), which in recent weeks announced deals to acquire the sports news site the Athletic and the popular word game Wordle, has set a goal of 15 million total subscribers by 2027. Both Amazon and Netflix have more than 200 million subscribers apiece.Spend wisely: Alphabet last week declared a 20-for-1 stock split, which will bring the share price down to around the $150 range. But what they aren’t doing is paying actual dividends. They should. The company has $140 billion in cash and equivalents; it generated $18.6 billion in free cash flow in the latest quarter.Meta just highlighted the risks of choosing buybacks over dividends. The Facebook parent bought back $33 billion of stock over just the last two quarters. Given the Meta selloff last week, that cash was basically set on fire. Had the company instead declared a special dividend, it could have paid holders close to $14 a share.The shakeout isn’t over: The underlying issues that have plagued tech stocks for months are still in place. Interest rates are going to head higher still. Chips remain in short supply. Inflation is uncomfortably high. The market’s appetite for speculative names is low. There’s a reason the best performing tech stocks so far this year are cheap—old school names like VMware (VMW), Hewlett Packard Enterprise (HPE), Dell Technologies (DELL), and IBM (IBM).In the past two weeks we’ve learned that more than ever the market likes consistency. That’s what made Meta’s earnings and outlook this past week so troubling: Facebook is no longer the reliable performer investors have come to expect. But the rest of Big Tech still fits the bill. Apple and Microsoft consistently beat expectations with products customers want. And you can say the same for Google and Amazon. Once again, Big Tech was the earnings season winner.","news_type":1},"isVote":1,"tweetType":1,"viewCount":149,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}