Alphabet Inc Class CAlphabet's cash flow turned negative for the first time since its IPO, despite improved margins.
Major technology stocks collectively lost about $750 billion in value this week, with Tesla and Alphabet among the hardest hit. Tesla fell 19% after reporting disappointing profitability despite record revenue and vehicle production. Alphabet saw its cash flow turn negative for the first time since its IPO over 20 years ago, even as margins improved. Amazon, Meta, and Microsoft also declined ahead of their earnings reports next week, while Apple bucked the trend and moved back toward record highs. In contrast, AI infrastructure beneficiaries like Super Micro and Digital Realty posted strong gains, with Super Micro up 25% after announcing significant numbers.
Alphabet Inc Class CAlphabet's cash flow turned negative for the first time since its IPO, despite improved margins.
Amazon.com Inc
Dell Technologies Inc
Digital Realty Trust Inc
Microsoft Corporation
Super Micro Computer Inc
Western Digital Corporation
Apple Inc.
NVIDIA Corporation
Tesla IncTesla reported disappointing profitability despite record revenue and production, causing a 19% drop.
Meta Platforms Inc.