Amazing quarterly reports of US IT giants - Alphabet, Apple, Facebook, Amazon, and Microsoft – made the S&P 500 and NASDAQ indices grow. The former grew by 0.8% to 4211.47 points during a week and the latter – by 0.5% to 14082.55 points.
Author: Server Ametov
Elon Musk's company reported the results of Q1, 2021. Tesla's quarterly profit increased 27 times and reached an all-time high of $438 million. However, Tesla shares dropped by 4.53% due to vague forecasts.
Spotify shares grew by 7.15%. What are the reasons? Firstly, the service launches paid podcasts. Secondly, Jefferies increased the target share price of Spotify and changed its rating for “buy”. Thirdly, Spotify CEO is ready to buy Arsenal.
Let’s go on reviewing quarterly reports of US companies. On Wednesday, April 21st, and on Thursday, April 22nd, reports were presented by NextEra Energy, Verizon, Intel, AT&T – and I’ll speak about them below.
On Monday and Tuesday of the one but last week of April, Coca-Cola, IBM, Johnson&Johnson, Netflix, United Airlines, and other US companies issued their quarterly reports. What were their results? Read our article.
Dell Technologies didn’t stop on selling RSA and plans to get rid of Bloomi and single out VMware in a separate structure. The first operation can bring $3 billion and the second one - $9.3-$9.7 billion. Dell stock price grew by 6.71%.
NVIDIA announced it was building a high-performance Arm-processor Grace for data processing center servers and AI computations. NVIDIA shares rose by almost 6%, while Intel shares dropped 4%. The GPU release is scheduled for 2023.
Alibaba Group was obliged to pay the biggest corporate fine in the history of China for $2.8 billion for violating the anti-trust law. In this light, Alibaba shares showed an 8% growth. Chinese authorities tighten control over operations of IT companies.
Amazon’s advertising business has been on the rise with every passing year. In 2020, the company’s commercial advertising revenue added 52.5%, while its market shares increased up to 10.3 %. eMarketer experts say that the corporation wins new market positions from Google and other smaller companies.
Alphabet, the parent company of Google, won over Oracle in court. The arguement started in 2010. The shares of Google and Oracle reacted positively. The plaintiff wanted $9 billion of compensation. The Supreme Court of the USA claimed Alphabet innocent.