News Formal

Big Tech profits are set to surge in the second half: How our 6 stocks stack up

  • 📰 CNBC
  • ⏱ Reading Time:
  • 12 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

Wall Street analyst estimates for Nvidia, Amazon, Meta Platforms, Microsoft, Alphabet and Apple show earnings growth for the back half of 2023.

Good news for investors in Big Tech: The back half of this year is looking even better than the first. A review of analyst estimates for our mega-cap tech stocks — Nvidia , Amazon , Meta Platforms , Microsoft , Alphabet and Apple — shows strong earnings growth through the end of 2023. Collectively, these six long-term holdings are expected to boost profits by 87% in the second half, up from 27% in the first half, according to estimates from FactSet.

Nvidia CEO Jensen Huang,speaks at the Supermicro keynote presentation during the Computex conference in Taipei on June 1, 2023.Good news for investors in Big Tech: The back half of this year is looking even better than the first.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Google and Meta are the best-paying Big Tech companies for engineersThis kind of level-specific pay data is usually closely guarded.
Source: verge - 🏆 94. / 67 Read more »