The end of the fiscal season for the first quarter of 2024 came with the release of hotter-than-expected inflation data. Put investors in “run away from danger” mode As expectations of the Federal Reserve cutting interest rates fell sharply, investors sold stocks in the market until the Nasdaq index rose with…Technology stocksThe market closed with a decrease of 1.62%.
One of the most affected stocks is… The 7 Amazing Stocks or “7 Angel Stocks” This group of giant technology companies includes: Alphabet (Google), Amazon (AMZN), Apple (Apple), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA) And Tesla (TSLA) This has sent the Nasdaq stock market up 44% in 2023, fueled by massive demand for AI-related data.
“Crosoft, Invidia, Alphabet” 3 leaders with increasing profits
Microsoft and India are rising stars in the field of artificial intelligence. These are companies that have had outstanding performances this year, with both companies outperforming the S&P 500.
led by “India” Its revenues reached 22 billion, an increase of 265%, and its profits reached 12 billion, an increase of 768%, with the share price increasing by 78% since the beginning of the year and rising by 194% over the past year.
Given the demand for advanced AI processing chips, Invid has attracted the attention of investors. Including various projects that continue from Amnesty International More than 8 projects such as AI-powered off-the-shelf cars, the GR00T humanoid robot project, and most recently Blackwell, the world's most powerful AI chip.
while “MicrosoftRevenues reached $61 billion, an increase of 17%, and profits reached $21 billion, an increase of 19.8% over the same period last year. This has led to a 12% increase in the stock price since the beginning of the year and a 30.26% increase over the past year.
Investors are watching the future Nvidia and Microsoft Whether it will be able to push the Artificial Intelligence (AI) trend forward so that the stock price rises as it did in the market like last year remains to be seen. Which is what the market predicted Google or Microsoft It will come and capture a large share of the emerging services market Amnesty International
At the same time”the alphabet“main company”GoogleHe revealed that the results of the first quarter of the fiscal year 2024, ending on March 31, 2024, achieved total revenues amounting to $80.5 billion, an increase of 15.3% over the same period last year. Net profit reached US$23.6 billion, an increase of 57.2%. The stock price is up 13% year-to-date and 58% year-over-year after the launch of its latest major language model, Gemini.
Amazon and Meta continue to advance their AI business.
Amazon reveals operating results for the first quarter of 2024, with revenues reaching $143 billion, an increase of 13%, but profits of $10.4 billion, an increase of 228.8% over the same period last year. Year-to-date, Amazon's stock price has risen 22% after rising 77.6% last year. Amazon is positioning itself as a major player in the market. Generative AI is expected to generate tens of billions of dollars in revenue for Amazon Web Services.
Meta, the parent company of Facebook, achieved revenues of $36 billion, an increase of 27.2%, while profits rose 116.6% to $12 billion compared to the same quarter last year.
Currently, Meta relies on online advertising as its main source of income. The company generates 98% of its revenue from online advertising, demonstrating its reliance on this business model. But Zuckerberg is changing the revenue model. By searching for new opportunities by investing heavily for the second year in a row in metaverse and artificial intelligence even though it is still unable to generate income.
The performance of Apple and Tesla is different than expected.
Apple issued its financial results for the first quarter of the fiscal year 2024, ending on March 30, with revenues of $90 billion, a 4% decrease, and profits of $23 billion, a 2% decrease from the same period last year. It also reported that sales in China fell 13% to $20.8 billion in the first quarter of 2024, ending December 30, 2023, lower than analysts' expectations of $23.5 billion. This was the quarter in which sales in China fell by the most since December. 2020
Tesla is one of the tech stocks in the group of seven angels that were deemed not to be doing a terrible job. It reported revenues of $21 billion, down 8.6%, and posted profits of $1.1 billion, down 55% from the same period last year.
Share price Tesla It's down 34% over the past six months. With prices down 40% from their peak, Tesla shares are already oversold, with Tesla's business entering a downward spiral. But Elon Musk is also trying to find pioneering companies to stimulate Tesla's growth, such as driverless taxis (Robotaxis), electronic trucks, and talk about a cheap electric car project again.
Although this group of 7 angel stocks still saw sharp price increases over the past year, investor confidence has recently declined somewhat. But in today's market a company is not evaluated on the basis of past performance. But think about the potential for future income generation.
Musk is tens of billions richer, while Zuckerberg lost nearly $20 billion.
The stock market was very volatile last week. Some billionaires have been hit hard by the performance of big tech companies.
“Elon Musk” CEO of Tesla SpaceX became the richest company after the end of the financial quarter. The value of assets increased by more than $13 billion. It moved to third place globally after Tesla shares rose 10% last week. After the company announced its first quarter results, which were better than expected.
On the other hand, the value of stocks dead It fell by 14% after the company revealed lower-than-expected user numbers, which caused… “Mark Zuckerberg” Meta's CEO lost $19 billion during the same period. As a result, it fell to fourth place in the world.
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