header banner
Default

Bloomberg: Are you a machine?


  • Amazon, Meta and Nvidia have seen earnings estimates raised
  • Selloff from soaring interest rates hasn’t spared Big Tech

Updated on

The central argument for buying shares in highly valued Big Tech companies this year — unmatched prowess in generating earnings — is starting to look prescient.

The profit machines at the likes of Amazon.com Inc. and Meta Platforms Inc. are humming, with each seeing analyst projections for 2024 earnings per share rise by more than 10% in the past three months, according to estimates compiled by Bloomberg. Alphabet Inc.’s estimates have risen 8%, while Nvidia Corp.’s have soared 69%.

Up Next

Big Tech Profits Are Humming While Stocks Slide

Sources


Article information

Author: Linda Jenkins

Last Updated: 1699823404

Views: 702

Rating: 3.7 / 5 (85 voted)

Reviews: 96% of readers found this page helpful

Author information

Name: Linda Jenkins

Birthday: 1997-03-28

Address: 676 Stacy Greens Suite 739, New Justin, AL 93629

Phone: +4436869647640043

Job: Article Writer

Hobby: Painting, Sculpting, Fencing, Traveling, Dancing, Whiskey Distilling, Sailing

Introduction: My name is Linda Jenkins, I am a daring, valuable, persistent, lively, priceless, Open, radiant person who loves writing and wants to share my knowledge and understanding with you.