INTC slumps on capex strategy, margins
INTC beat on both top and bottom lines on Wednesday. Intel stock dropped 7% on Thursday due to management’s forecast and capex push. Investors are worried higher capex means lower near term earnings. Intel Corporation (INTC) stock likely shocked a…
Big Tech Earnings Surge During Pandemic While Economy Slumps
Comments Off on Big Tech Earnings Surge During Pandemic While Economy Slumps
July 31, 2020
(Bloomberg) — The largest U.S. technology companies are thriving in a pandemic that has increased dependence on their products and services, while hammering much of the rest of the economy.Quarterly results from Apple Inc., Amazon.com Inc.,…
Big Tech Earnings Surge During Pandemic While the Economy Slumps
Comments Off on Big Tech Earnings Surge During Pandemic While the Economy Slumps
July 31, 2020
(Bloomberg) — The largest U.S. technology companies are thriving in a pandemic that has increased dependence on their products and services, while hammering much of the rest of the economy.Quarterly results from Apple Inc., Amazon.com Inc.,…