An uncertain macro environment puts these technology companies at risk, Morgan Stanley says.
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Morgan Stanley downgrades HP, Dell as uncertainty looms for PC industry
Technology
Apple delivers a nearly perfect quarter, with a CEO change and an AI update ahead
Apple on Thursday evening reported a strong quarter to wrap up a busy week of megacap earnings. Clearly, CEO Tim Cook’s decision to announce his upcoming departure ahead of the release was a move to ensure that news would not overshadow the incredible results. Revenue in Apple’s fiscal 2026 second quarter ended March 31 increased […]
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Technology
Reddit reports 69% jump in revenue, topping analyst estimates
Steve Huffman, co-founder and CEO of Reddit, speaks during the WSJ Tech Live conference hosted by The Wall Street Journal at the Montage Laguna Beach in Laguna Beach, California, on Oct. 21, 2024. Frederic J. Brown | Afp | Getty Images Reddit reported better-than-expected profit and revenue in its first-quarter earnings report on Thursday, and […]
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Technology
Tech stocks close out best month since start of Covid pandemic in 2020
Jakub Porzycki | Nurphoto | Getty Images The tech-heavy Nasdaq Composite climbed 15.29% in April, its biggest monthly gain since the start of the Covid pandemic in April 2020. Earnings for big tech this week have boosted the sector, with Alphabet, Amazon and Microsoft all beating expectations for revenue and cloud growth. Alphabet surged 10% […]
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