Major US technology companies report record profits as Apple, Meta, Microsoft, and Tesla release their latest quarterly earnings.
Record-Breaking Tech Earnings
As part of the ongoing US season of publishing reports for the last quarter of last year, financial results have recently been announced by Apple, Meta, Microsoft, and Tesla.
Together with Alphabet, Amazon, and Nvidia, these companies make up the so-called Magnificent Seven – the largest American technology corporations, around which a bull market related to artificial intelligence has been playing out on Wall Street for over three years.
Profit Surges
According to published results and analyst forecasts, this group of companies earned a total of approximately $615 billion last year, 25 percent more than the previous year.
Costs Under Scrutiny
Not only record profits matter. Costs under observation