Information technology stocks grabbed the spotlight this week as Wall Street digested earnings reports from major companies, including Apple (AAPL), Palantir Technologies (PLTR), Advanced Micro Devices (AMD), and Super Micro Computer (SMCI).
The information technology sector (XLK) gained nearly Entering text into the input field will update the search result below Quick Insights Of 21 companies reporting, 20 beat earnings estimates and one met them; all 21 beat revenue expectations
Apple’s revenue grew 12% year over year to $114.48 billion, and it forecast 7%â10% revenue growth. Its expected gross margin of 45%â46% was below analysts’ estimate. Palantir’s revenue grew 96% year over year and its fourth-quarter revenue outlook exceeded estimates.
AMD’s revenue grew 45%, data center revenue rose 97%, and its fourth-quarter revenue forecast was above estimates