Markets Enjoy the Glow of Tech Companies That Did Well
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While Amazon (NASDAQ:AMZN) exceeded expectations with its impressive quarterly sales of $170 billion, Meta distributed a dividend to its shareholders. The audience erupted in applause as the market value skyrocketed, which resulted in a staggering increase of $280 billion for the shares of both companies simultaneously.

Futures on the Nasdaq 100 index saw a one percent increase in Asia, providing a cheerful ending to a week that was fraught with difficulties.

Meta and Amazon Have Made Good Progress

A thorough examination of the numbers is warranted. Facebook’s parent company, Meta (NASDAQ:META), has seen its profits more than three times as high as they were the previous year, while the company’s revenue has increased by twenty-five percent, reaching more than forty billion dollars.

In the meantime, Amazon turned things around and achieved a full-year profit of more than $30 billion. This was made possible by the significant contributions from advertising sales and the immensely lucrative servers business that the company operates.

According to Sam Rines, an analyst at the research firm CORBU in Texas, the two individuals are making a profit due to increased corporate investments in expanding product output across the United States.

“A few individuals may discover the volume, while numerous others may not,” he stated in a message. “These individuals may or may not discover the volume.” “The advertisers will discover profits.”

Other Companies of Magnificent Seven Have Not Been as Successful

The impressive reports compared the two companies’ performance to that of the other “Magnificent Seven” stocks—namely, Microsoft (NASDAQ:MSFT), Tesla (NASDAQ:TSLA), Apple (NASDAQ:AAPL), and Alphabet (NASDAQ:GOOGL)—and demonstrated that the two companies had performed significantly better. Following the announcement of their earnings, these stocks were met with criticism from investors, while Nvidia (NASDAQ: NVDA) has not yet reported its earnings for February.

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The Seven make up almost 29% of the S&P 500, and their impressive performance – together, they accounted for 62% of the index’s overall return in the previous year – is beginning to cause some unease.

Both Amazon and Nvidia have high price-to-earnings ratios, which indicates that investors are confident that higher profits in the future will validate these valuations. As a result, these companies are pretty expensive.

During an outlook briefing in Singapore this week, Felix Brill, the group chief investment officer of VP Bank, humorously mentioned that only three of the Magnificent Seven gunslingers managed to survive in the John Sturges Western.

Analysts Note High Nervousness on the Market

In addition to the technology company’s financial results, the overall sentiment in the market is quite nervous. Stocks in Japan’s Aozora Bank took a nosedive for the second consecutive day following an unexpected decision to set aside funds for potential losses on U.S. office loans. This comes in the wake of significant selling of regional banks in the United States, following a cautionary statement from New York Community Bancorp (NYSE: NYCB).

Bank profits – Caixabank, Deutsche, Danske, and UniCredit – take center stage in Europe before the release of U.S. labor statistics.

Traders have been adjusting their predictions for the start of U.S. rate cuts in the near future. However, they will soon require evidence of weakness in the job market to support their current expectations of over 140 basis points of cuts by the end of the year.

Essential updates that may impact markets on Friday:

Economics: French manufacturing output, U.S. employment figures.

Peter Bergman (

By Peter Bergman (

Peter Bergman is an experienced financial writer with a passion for helping people achieve financial freedom. With over a decade of experience, he has written extensively on topics ranging from personal finance to investment strategies, and his work has been featured on and other leading financial websites.

One thought on “Markets Enjoy the Glow of Tech Companies That Did Well”
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