Meta Platforms Inc

NASDAQ:METAUnited States

Nov 1, 2024

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• DJ The Trader: Don't Fret the Tech Tumble. Instead, Be Prepared to Buy the Dip. -- Barron's, from 9:30PM ET on Friday Nov 01, 2024 by Dow Jones

  9:30PM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: MSFT, AAPL, AMZN, META, SMCI
  
  By Jacob Sonenshine
  
  Technology stocks have gotten crushed -- but don't expect them to stay down for long.
  
  The Technology Select Sector SPDR exchange-traded fund (ticker: XLK) fell 3.4% to $223 this past week, and now sits well below its peak of $237 hit in July. Investors have plenty of good reasons to be turning on their former favorites. Earnings from Microsoft were solid, just not solid enough for a stock trading at nearly 30 times earnings. Super Micro Computer, once Wall Street's darling, has seen its stock plunge almost 40% in just two days after revealing that its auditor had resigned over accounting concerns, raising concerns about excess in the artificial-intelligence trade. There also may just not be enough buyers for a group of stocks that has gained 40% over the past 12 months.
  

• DJ Tech Trader: In AI Race, the Latest Round Goes to Amazon and Google -- Barron's, from 9:30PM ET on Friday Nov 01, 2024 by Dow Jones

  9:30PM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: GOOGL, MSFT, AAPL, AMZN, META, GOOG
  
  By Adam Levine
  
  One brief moment on Wednesday night summarized the current sentiment around Big Tech stocks. Microsoft had reported stellar earnings, and shares were higher in after-hours trading. Then, Chief Financial Officer Amy Hood said on the company's earnings call that capital expenditures would continue to head higher. In a matter of minutes, shares were down 4%.
  

• US Equity Indexes Decline This Week Following Mixed Results From Big Tech, Surge in Treasury Yields, from 4:56PM ET on Friday Nov 01, 2024 by MT Newswires

  4:56PM ET on Friday Nov 01, 2024 by MT Newswires
  Companies Mentioned: GOOGL, MSFT, AAPL, AMZN, META, GOOG
  04:56 PM EDT, 11/01/2024 (MT Newswires) -- US equity indexes fell this week after mixed results from Big Tech firms and amid soaring government bond yields as investors weighed the inflation and nonfarm payrolls data ahead of presidential elections....

• DJ AI Spending Dominated Big Tech Earnings. Why These 2 Stocks Got a Pass From Investors. -- Barrons.com, from 4:44PM ET on Friday Nov 01, 2024 by Dow Jones

  4:44PM ET on Friday Nov 01, 2024 by Dow Jones
  Companies Mentioned: GOOGL, MSFT, AAPL, AMZN, META, GOOG
  
  By Adam Levine
  
  One brief moment on Wednesday night summarized the current sentiment around Big Tech stocks. Microsoft had reported stellar earnings, and shares were higher in after-hours trading. Then, Chief Financial Officer Amy Hood said on the company's earnings call that capital expenditures would continue to head higher. In a matter of minutes, shares were down 4%.