Tech stocks suffer two-day selloff as investors find ‘wrinkle or two' in Alphabet, Meta earnings

  • 📰 NBCNewYork
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

इंडिया समाचार समाचार

इंडिया ताज़ा खबर,इंडिया मुख्य बातें

Despite better-than-expected results from Alphabet and Meta, investors dumped the stocks and rest of the tech sector over the past two days

Alphabet and Meta both reported better-than-expected results, but investors found concerning stories in each.At Meta,"management’s conservative tone tempered enthusiasm for a strong result and guide," wrote analysts from Guggenheim, in a report late Wednesday.

Ruth Porat, Alphabet's finance chief, told analysts that the numbers reflect"the impact of customer optimization efforts," a phrase that generally refers to clients reeling in their spending.sparked Alphabet shares are down by about 11% over the past two days, while Meta has dropped almost 7%. Amazon's stock has dropped more than 6% over that stretch, heading into its report after the close.

 

आपकी टिप्पणी के लिए धन्यवाद। आपकी टिप्पणी समीक्षा के बाद प्रकाशित की जाएगी।
हमने इस समाचार को संक्षेप में प्रस्तुत किया है ताकि आप इसे तुरंत पढ़ सकें। यदि आप समाचार में रुचि रखते हैं, तो आप पूरा पाठ यहां पढ़ सकते हैं। और पढो:

 /  🏆 270. in İN

इंडिया ताज़ा खबर, इंडिया मुख्य बातें

Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।

Strong showing by Alphabet, Meta signal ad market rebound underwayA rebound in the advertising businesses of Google, Meta (META.O) and Snap (SNAP.N) signaled that the growing adoption of artificial intelligence was drawing marketers to digital platforms even in an uncertain economy.
स्रोत: Reuters - 🏆 2. / 97 और पढो »