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For the stock market, things are always the same. This year, the market value of these five companies has grown by nearly 900 billion U.S. dollars. They performed better than the S&P 500 index in 2017, and the 15% increase in the index was mainly due to them.
Although Google, Facebook, and Amazon faced potential political and regulatory pressure, and some expressed strong concerns that technology giants were hurting competition and controlling too much data, their stock price trends reflected their performance, and their Performance is often shocking.
In the third quarter of this year, people clicked on more Google ads; Amazon’s revenues increased substantially, allowing its market value to increase by US$62 billion on Friday; the two companies added Microsoft and grew rapidly. The share of cloud computing market has further increased.
Although Facebook and Apple will not announce their third-quarter results until next week, their share prices have risen on Friday and the combined market value of the two companies has increased by $51.4 billion. According to market research firm FactSet data, next Wednesday, Facebook is expected to announce its revenue growth of a record 40% year-on-year; and next Thursday, Apple is expected to announce its revenue growth of more than 8% year-on-year, thanks to the first In the third quarter, iPhone sales reached 46 million units.
Driven by the tech giants, the S&P 500 and Nasdaq hit new highs on Friday. Although the rebound will not last forever, investors have not found many reasons to bet against tech giants.
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