Apple’s poor financial report and its stock price plummeted after the last trading hours. In addition, Microsoft’s market value rose as high as 0.9% at the opening of the market on Friday. The financial report released after the US stock market on Thursday showed that Apple’s fiscal year’s closing quarter revenue fell short of expectations for the first time in four years. At the same time, it warned that tight supply would reduce sales by $6 billion. The company did not give guidance for seven consecutive quarters.
July to September,AppleRevenue is still at a new high over the same period,iPhoneSales surged by nearly 50% for two consecutive quarters, but fell short of expectations. CEO Cook said October-December revenue may be the highest in the same period.iPadRevenue may decline year-on-year due to supply chain issues, and service revenue growth will slow down again. When the market opened on Friday, Apple fell as much as 3.9% to $146.65, with a market value of approximately $2.42 trillion.
Compared with Apple,MicrosoftThe financial report announced this week is domineering, highlighting its rise to become the most beautiful giant in the post-epidemic era. With its strong cloud business, Microsoft broke profit expectations. For four consecutive quarters, revenue exceeded 40 billion U.S. dollars. The quarterly revenue reached 45.3 billion U.S. dollars, an increase of 22% year-on-year, far exceeding market expectations; SaaS-based flagship productsOffice365, a growth rate of 23%; PaaS star Azure cloud business grew by 50%, becoming the number one source of revenue + the number one revenue driver. Microsoft’s strong earnings report pushed up the company’s stock price soaring, and it has now risen for four consecutive days.
Since the beginning of this year, Microsoft’s stock price has risen by more than 45%, while Apple has risen by about 11%, and Amazon has been even more miserable, with almost no rise since the beginning of the year. According to statistics from Bloomberg, the last time Microsoft replaced Apple as the top global enterprise market value leader was in the first half of 2020, when investors poured into growth stocks during the new crown pandemic.
The financial blog Zerohedge commented,In the past 24 hours, a new acronym GAMMA was born.It replaced FAAMG (the abbreviation of the stock names of five companies, Microsoft, Apple, Amazon, Google, and Facebook), the five largest stocks in the S&P 500 Index by market capitalization in the past. The reason is that Facebook is changing its name to Meta and “F” becomes “M”.
Zerohedge still didn’t forget to ridicule that the Big Five GAMMA is the same word as Gamma in the Gamma Squeeze. (Note from Wall Street: Gamma Squeeze refers to the use of options to form option squeeze. In the GME war of retail short-squeezing agencies, Gamma Squeeze played an important role in the rise of GME stock price.)
However, this is based on the assumption that Meta’s market value is still in the top five. However, there is still a problem,Tesla’s market value has just surpassed Meta (Facebook).Whether Tesla can be in the top five depends on whether Gamma Squeeze will continue. After all, this short-squeeze can be reversed at any time. This week, Hertz’s large order of 100,000 cars has helped Tesla’s market value exceed $1 trillion.
