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Big Tech Earnings Defy Fears of ‘Worst-Case Scenario’ for Stocks

  • Amazon, Microsoft, Meta, and other major U.S. Tech companies reported strong earnings for Q1 2025 ending March 31, 2025.
  • Though fears of a tariff-driven profit slump existed, demand remained resilient amid trade tensions and economic uncertainties.
  • Amazon's revenue rose 9% to $155.7 billion with net income increasing 64%, mainly due to AWS generating $29.3 billion in revenue.
  • Market strategist Howard Gabelli said, "things look much better than expected," while Microsoft and Meta exceeded forecasts with strong cloud growth.
  • The results eased concerns about an immediate downturn, but cautious outlooks and tariff impacts suggest uncertainty remains for upcoming quarters.
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mediavidi.com broke the news in on Sunday, May 4, 2025.
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