The first earnings season of 2022 is set to continue this week with a few key tech firms releasing their results. Expectations are mixed regarding Meta’s, Amazon’s, and Apple’s figures for last quarter.
After a rise in share price over the course of the trading day Monday, NVIDIA is now the United States’ seventh-largest firm by market cap. Continuing demand for its graphics chips may help the company keep this status even as a potentially lucrative acquisition deal falls through.
After releasing underwhelming predictions for Q1 growth on Wednesday, Meta and Spotify both showed sharp falls in after hours trading. The new business paths taken by these two firms could be behind trader disfavor.