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

📆 30/08/2023 00:34:00
📰 CNBC

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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.

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