US EditionBig Tech’s “Magnificent Seven” heads into earnings season reeling from Trump turbulence
- Big Tech's stocks have lost $3.8 trillion in value since President Trump's inauguration, representing a 22% drop as of April 20.
- Nvidia recorded a $5.5 billion charge due to a ban on selling AI chips to China, impacting the company's finances.
- Tesla reported a 13% decrease in first-quarter car sales, reflecting challenges amid political and economic turmoil.
- The 'Magnificent Seven' companies are expected to achieve 15% year-over-year earnings growth despite market chaos, significantly higher than other S&P companies.
91 Articles
91 Articles
Wall Street Braces for ‘Magnificent 7’ Earnings Season Amid Market Turmoil
Big Tech will start its quarterly earnings season on April 22 as investors brush themselves off after a sharp selloff to begin the trading week. Market watchers will attempt to determine the future impact on companies’ bottom lines. It might not be easy to deduce, as the tech industry’s megacap companies will likely express an old refrain: uncertainty. The “Magnificent Seven” stocks—Amazon, Alphabet, Apple, Meta Platforms, Microsoft, Nvidia, and…
Big Tech heads into earnings season reeling from Trump turbulence
As Big Tech kicks off its quarterly earnings season this week, the industry's bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn't anticipate when Donald Trump re-entered the White House nearly 100 days ago. Since President Trump's Jan. 20 inauguration, Big Tech stocks have…
Big Tech enters earnings season bruised by Trump administration turmoil
As Big Tech kicks off its quarterly earnings season this week, the industry’s bellwether companies have been thrust into a cauldron of uncertainty and turmoil that they didn’t anticipate when Donald Trump re-entered the White House nearly 100 days ago.Since President Trump’s Jan. 20 inauguration, Big Tech stocks have been on a see-sawing ride that has eviscerated trillions of dollars in shareholder wealth amid an onslaught of tariffs and other p…
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