WS #13101
Microsoft and Amazon beat earnings, driving a massive tech rally with MSFT up 16% (+$450B market cap) and AMZN up 9% after hours, boosting Asian chip stocks and the SOXX ETF 8.2%. Apple beat Q3 estimates but fell 6% after hours on weaker-than-expected September-quarter guidance due to memory supply constraints and services revenue miss.
Tech Rally on Microsoft/Amazon Earnings
Microsoft and Amazon beat earnings, driving a massive tech rally with MSFT up 16% (+$450B market cap) and AMZN up 9% after hours, boosting Asian chip stocks and the SOXX ETF 8.2%.
Apple beat Q3 estimates but fell 6% after hours on weaker-than-expected September-quarter guidance due to memory supply constraints and services revenue miss.