This week, Alphabet, Amazon, and Microsoft added $1.5 trillion in combined value:
- Nearly $2 trillion has moved this week into or out of the six megacaps that have reported earnings this season so far:
- Amazon, Microsoft, and Alphabet added hundreds of billions to their market caps, while Apple and Meta saw their valuations fall:
- Shares of Amazon surged while Apple stock tumbled:
Wall Street is increasingly divided over the winners and losers in AI as the world's largest tech companies reported earnings and affirmed or raised their capex forecasts:
Microsoft gained over $600 billion in market cap this week, while Amazon and Alphabet both added more than $400 billion:
Meta has seen its stock plunge as investors were not sold on its AI investment strategy:
Apple suffered a steeper drop, losing more than $350 billion in market value as memory shortages weighed on its outlook:
Amazon reported that its cloud computing business jumped 37%:
Amazon shares closed more than 15% higher as the company forecast its capital expenditures to hit $220 billion:
