"Alphabet's Q1 revenue reached nearly $110 billion, growing 22%, with Google Cloud revenue at $20 billion, a 63% increase, and backlog nearly doubling to over $460 billion."
"Amazon reported EPS of $2.78, surpassing the $1.73 consensus, with AWS growth at 28%, marking its fastest pace in 15 quarters."
"Microsoft's AI run rate increased to $37 billion, up 123%, but a softer revenue tone led to a 2% decline in shares."
"Q1 real GDP grew 2%, recovering from 0.5% in Q4 2025, with business investment up 9%, while WTI crude prices retreated to about $100."
The Nasdaq Composite opened higher following strong earnings from major tech companies and a surprising 2% Q1 GDP growth. Alphabet's revenue surged 22%, driven by Google Cloud's 63% growth. Amazon reported better-than-expected EPS and AWS growth, while Microsoft saw a rise in AI revenue but a decline in shares. Meta's increased capex guidance led to a pre-market drop. Qualcomm and NVIDIA contributed to a chip rally. Despite GDP growth, inflation remains a concern with PCE rising nearly 4% year over year.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]