"Alphabet is leading the index higher, climbing almost 2% to around $390 after last week's blowout: revenue of $109.9 billion, EPS of $5.11, and Google Cloud growth of 63% with backlog nearly doubling to over $460 billion."
"Intel stock is skyrocketing by 12% to a fresh all-time high. Also, Micron Technology is a positive catalyst, with the share price trading above $600 for a 10% gain on the day."
"A drop in WTI crude oil prices to about $100, well off the $114.58 peak on April 7, is easing inflation pressure that had been weighing on long-duration tech multiples."
"Pinterest is the standout, rallying nearly 11% after a double-digit sales beat and bullish Q2 guide."
The Nasdaq Composite is experiencing a bullish trend driven by strong earnings from major tech companies like Alphabet, Intel, and Microsoft. Intel's stock surged 12% to an all-time high, while Micron Technology also saw significant gains. A drop in WTI crude oil prices to around $100 is alleviating inflation concerns. The VIX index has decreased, indicating reduced market volatility. Alphabet reported impressive earnings with substantial revenue and growth in Google Cloud, while Microsoft continues to show strong fiscal performance and AI advancements. Pinterest and Palantir also demonstrated notable stock movements.
Read at 24/7 Wall St.
Unable to calculate read time
Collection
[
|
...
]