last week
One by one, the tech giants have been broadcasting nearly the same messages all week: slowing sales, from personal computers to digital advertising and e-commerce, with rising interest rates and escalating inflation. The growth of the cloud computing business that can be relied on to overcome a recession, as its services help companies save money, is also slowing.
The reaction of traders has been the exit of a large number of stocks, and this has increased the suffering of the leading stocks, which have transformed from stocks that have led the market throughout the year, to pariah, and even a obstacle to achieving a sustainable recovery in the market.
The business results of the major companies tamper with the American stock market indices
The trading of option contracts for the shares of major technology companies reflects investors’ return to caution and speculation, or even their expectations of the possibility of further decline, as the total number of put option contracts on the shares of “Apple “,” Meta Platforms “,” Netflix “and Amazon, Alphabet and Microsoft have all fallen to their lows since May, according to data compiled by Bloomberg.
The market value of Microsoft and Alphabet lost about $ 280 billion on Wednesday, the day after the results were announced, and Meta Platforms lost a quarter of its market value after investors worried after the company announced Intend to Increase Spending Due to Declining Revenue for the Second Quarter Straight. At the same time, Amazon’s worst growth forecast in the final quarter of the year pushed its shares down 12% on Friday, causing its market value to drop to less than a trillion dollars for a short time.
Amazon’s market value is less than a trillion dollars after its gloomy predictions for its business
