Stock Market Today: Stocks tick higher after strong finish to Big Tech earnings

📆 27/10/2023 18:51:00
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Amazon injected markets with a bit of optimism after posting strong results Thursday.

In the wake of dissapointing Big Tech earnings that pushed several of the major indices into the red, stock futures lifted higher Friday morning as Amazon

CEO Andy Jassy highlighted the company’s general embrace of artificial intelligence across just about every avenue, from AWS to advertising to customers’ shopping experience. Though revenue fell around 8% for the quarter, the seventh consecutive declining quarter for the chipmaker, Intel told investors it expects revenue to grow in the current quarter. CEO Pat Gelsinger said that the company plans to cut costs by around $3 billion this year.

The company’s Data Center and AI sector saw a sales dip of about 10% as competition mounts in the area; its Computing sector also saw a dip of around 3%. But even on the news that Nvidia

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