With NVIDIA’s (NASDAQ:NVDA) released last week, we now have a clearer picture of the performance of the so-called Magnificent Seven and other major US stocks. The biggest disappointment came from , which missed earnings expectations and raised concerns about higher AI-related spending, causing its stock to drop more than 11% immediately after the announcement.
Only at the start of this week has the stock shown signs of slowing the decline and attempting a partial recovery. Alphabet has been a clear winner in recent weeks, moving sharply higher. Amazon also delivered strong results, while continues its upward trend, benefiting from easing trade tensions between Washington and Beijing.
Alphabet Posts Strong Earnings Led by Google Cloud Growth
stock chart reflects the strong market response to its . Earnings per share beat estimates by more than 25%, and revenue exceeded forecasts by 2.6%, fueling investor enthusiasm.
Google Cloud also posted impressive numbers, with operating income up 85% and a 23.7% margin. These results are encouraging, especially given the competitive AI landscape and the company’s disciplined approach to its spending.
Source: Investing.com
The company continued to see strong market reactions after its results, with shares rising more than 5%. However, with such rapid growth, a natural pullback is possible, with the next key target around the $300 per share level.
Could a Pullback Offer a Buying Opportunity in Amazon?
Among the companies analyzed, showed the strongest market reaction to , rising over 6% and reaching new all-time highs. A brief supply squeeze driven by intermittent global risk aversion boosted the rally ahead of the quarterly report.
Despite this, Amazon’s fundamentals remain strong, and growing demand for AI solutions, combined with the lowest price-to-book ratio and second-lowest price-to-earnings ratio among the seven, supports the continuation of its uptrend. The market stays optimistic ahead of the next earnings release, with most analysts raising forecasts.
Source: InvestingPro
Apple Forecasts Higher iPhone Sales in Q4
Tim Cook told Reuters, “We are, however, very enthusiastic about China,” highlighting the importance of the market amid the US-China trade tensions. The easing of geopolitical friction, stronger-than-expected earnings, and forecasts for higher iPhone sales in the last are supporting the stock’s ongoing rise.
Currently, Apple’s (NASDAQ:AAPL) share price has climbed to a new all-time high near $280, with potential for further gains.
Source: Investing.com
If a correction occurs, the closest support levels lie around $260–$265 per share, just below the trend line, aligning with the area that would mark the largest pullback within the current trend.
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Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk belongs to the investor. We also do not provide any investment advisory services.
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