Both mega-cap tech companies cited supply-chain troubles as the issue, raising fears about related impact in the next quarter.

A strong earnings season helped neutralize concerns of investors on US economic growth, which was less than expected in the third quarter.

US equity investors looked past inflation concerns and rising interest rates and instead shifted their focus on mega-cap tech earnings this week.

"Any hot readings of incoming economic data and inflationary signals are tempered by the macro risks posed by the Delta variant," Fundstrat's Tom Lee said.

Shares of Snap and Twitter soared in early morning trading after both tech companies crushed earnings estimates.

In addition to strong economic data, US stocks were also lifted by blockbuster earnings from tech giants Apple and Facebook.

All three major indices dipped Wednesday morning as Wall Street awaits a basket of earnings and a Fed decision this afternoon. GameStop continued its meteoric rise following a tweet from Elon Musk. Microsoft posted a 17% rise in sales in the latest quarter. Sign up here for our daily newsletter, […]

Technology investors were tested on Friday after strong earnings reports from mega-cap earnings like Amazon, Facebook, and Apple were still followed by sharp declines in share prices. Traders elected to focus on tepid profit-growth outlooks, rather than the past quarter’s better-than-expected results. Despite the negative earnings reaction in Friday trades, […]

While investors balked at Apple’s worse-than-expected quarterly iPhone sales, analysts are looking past the September quarter and largely optimistic toward the company’s future. The tech giant reported revenue and earnings on Thursday afternoon that beat estimates, but its stock tumbled as phone sales disappointed shareholders. Analysts at major banks praised […]

Apple shares fell as much as 4% in early Friday trading after the tech giant’s fiscal fourth-quarter figures failed to meet analysts’ expectations. The company beat estimates for overall revenue and profit, but iPhone sales landed below hopes. Apple’s updated phone lineup was released roughly one month later than usual, […]

US equities climbed higher on Thursday as rallying tech stocks and encouraging economic data reversed some of Wednesday’s plunge. Apple,Amazon,Facebook, and Alphabet led gains ahead of the companies’ third-quarter reports. US GDP grew at a record 33.1% annualized rate in the third quarter, the Commerce Department said Thursday. The reading […]

Advanced Micro Devices’ strong third quarter earnings pave the way for improved market share in the $US50 billion semiconductor industry, Bank of America analysts said Wednesday. The team lifted its price target for AMD shares to $US110 from $US100, implying a 44% climb from Wednesday’s closing level over the next […]

Alphabet is set to release its third quarter earnings after the bell on Thursday, and investors will have their eyes set on both its online advertising business and continued growth in its Google Cloud division. A recovery in Google’s online advertising business would be welcomed after it suffered a hit […]

Apple is set to report fiscal fourth-quarter results on Thursday, cluing investors in on how the company performed just before its latest iPhone event. The quarter that ended in September saw Apple introduce new services and update its watch and iPad lineups. The reveal of its first 5G-capable iPhone lineup […]

Intel shares were downgraded to “underperform” by Bank of America analysts on Friday after the company’s third-quarter report signalled weakened second-half performance. The team also lowered its price target for the company’s shares to $US45 from $US60, implying a 17% decline from Thursday’s closing level over the next 12 months. […]

US stocks declined slightly on Wednesday as investors weighed the latest developments in reaching a stimulus agreement. House Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin failed to reach a deal before a Tuesday deadline and now aim to finalise a proposal before the weekend. Senate Democrats blocked Republicans’ $US500 […]

Hello, and welcome to this Wednesday’s edition of the Insider Tech newsletter, where we break down the biggest news in tech. Did someone forward this newsletter to you? Get Insider Tech straight in your inbox by subscribing here This week: It’s Google CEO Sundar Pichai’s turn to roll the dice […]