U.S. shares were set to extend gains for the fourth straight session on Wednesday after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ shares surged following strong quarterly results. Alphabet Inc. rose 8.2 percent after reporting record quarterly sales on Tuesday, and said it plans to undertake a 20-to-one…
Nasdaq Jumps 1 Percent at Open on Alphabet, AMD Results
The Nasdaq opened higher on Wednesday, extending gains for the fourth straight session after a turbulent start to the year, as Google-parent Alphabet and chipmaker Advanced Micro Devices’ stocks surged following strong quarterly results. The Dow Jones Industrial Average fell 27.0 points, or 0.08 percent, at the open to 35378.19. The S&P 500 rose 19.9…
Here’s Why BofA Remains Bullish On Alphabet
Bank of America analyst Justin Post raised the price target on Alphabet Inc. to $3,470 from $3,210 and reiterated a Buy rating on the shares. The price target implies an upside of 27 percent. The analyst expects deceleration in 2022 versus the 41 percent estimated search growth in 2021. However, he thinks Google is still early in applying…
Alphabet Earns Record Profit on Google Ad Surge
Google owner Alphabet Inc. on Tuesday reported higher than expected third-quarter ad sales, a sign that the business is overcoming new limits on tracking mobile users and that online shopping is as popular as ever heading into the holiday season. Through its search engine, YouTube video service and partnerships across the Web, Google sells more…
5 Technology Stocks to Watch Ahead of Earnings This Week
The week of Oct. 25 is shaping up to be a big one for anyone that holds index funds or has exposure to technology stocks. Five of the largest and most well-known names in the technology space report earnings this week. Here are the key figures and items investors should be watching. Facebook Facebook Inc….
Big Tech Employees Donated More To Biden’s Campaign Than Any Other Sector
February 23, 2021
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Employees at Microsoft, Amazon, Apple, Facebook, and Alphabet, Google’s parent company, donated at least $15.1 million to President Joe Biden’s presidential campaign, according to Open Secrets. The donations eclipsed the amount given from employees in the banking and legal sectors, according to The Wall Street Journal. The five companies were also the largest fundraising sources…
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