Strong earnings lift Apple, Google and Microsoft market values by $1.5 trillion this week
The six major technology companies that have reported earnings so far this week have experienced nearly $2 trillion in combined market-value swings. Amazon, Microsoft and Alphabet, the three major public cloud providers, saw their market values surge by $1.5 trillion on strong cloud-business growth. The market now believes that, after continued investments of tens of billions of dollars in artificial intelligence, companies are getting closer to realizing returns on those investments. First Financial reporter Fan Zhijing contributed to the report.
The six major technology companies that have reported earnings so far this week have experienced nearly $2 trillion in combined market-value swings. Amazon, Microsoft and Alphabet, the three major public cloud providers, saw their market values surge by $1.5 trillion on strong cloud-business growth.
The market now believes that, after continued investments of tens of billions of dollars in artificial intelligence, companies are getting closer to realizing returns on those investments.
First Financial reporter Fan Zhijing contributed to the report.
The market now believes that, after continued investments of tens of billions of dollars in artificial intelligence, companies are getting closer to realizing returns on those investments.
First Financial reporter Fan Zhijing contributed to the report.