FAANG Stock NEWS You NEED TO SEE! | Summary and Q&A

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October 6, 2023
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The Investor Channel
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FAANG Stock NEWS You NEED TO SEE!

TL;DR

Major tech stocks, including Meta Platforms, Apple, Amazon, Netflix, Nvidia, Google, Microsoft, and Tesla, are experiencing various news and technical patterns that may impact their stock performance.

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Questions & Answers

Q: Why is Meta Platforms considering charging EU users for an AdFree experience?

Meta Platforms is responding to EU regulations on personalized advertising, which may restrict their ability to show personalized ads. Charging users for an AdFree experience could help smooth out their revenue.

Q: Why is Apple discussing using DuckDuckGo as a replacement for Google on Safari?

Apple may be exploring alternatives to Google as the default search engine on Safari. DuckDuckGo, a skin for Microsoft's search engine, could potentially be offered as an option.

Q: What is the impact of Amazon allegedly using an algorithm to boost prices?

The alleged algorithmic price manipulation could have consequences for Amazon and third-party sellers. It remains to be seen how regulators will interpret and respond to these allegations.

Q: Why did Nvidia consider making its own chips, and who are they considering acquiring?

Nvidia is exploring chip design to diversify its business and potentially follow in the footsteps of companies like AMD and Nvidia. Potential acquisition targets include companies like Cerebras and TensorFlow.

Q: What is Microsoft's $22 billion US Army contract for, and how might it benefit them?

Microsoft is making Army goggles as part of a large contract. While the revenue and profit from the contract may not be significant, Microsoft could leverage the technology for consumer products in the future.

Q: How did Tesla's factory downtime impact its deliveries, and when can we expect the Cybertruck to be delivered?

Tesla reported a sequential drop in deliveries due to factory downtime. The Cybertruck, which Elon Musk promised a delivery event for in Q3, is now expected sometime in Q4.

Q: How are the technical patterns of major tech stocks shaping up?

Most tech stocks are showing similar patterns, with higher lows and higher highs, indicating a positive trend. However, upcoming earnings reports will be crucial in confirming these trends or potentially leading to changes.

Q: How is the S&P 500 performing technically, and what are the expectations for upcoming earnings?

The S&P 500 is showing consolidation at all-time highs, with the potential for a new higher high. Earnings reports from major tech stocks will likely shape the market's direction in the coming weeks.

Summary & Key Takeaways

  • Meta Platforms may start charging EU users for AdFree Instagram and Facebook due to EU regulations on personalized advertising. They are also considering laying off employees in their reality lab silicon unit.

  • Apple discussed using search engine DuckDuckGo as a replacement for Google on the Safari search. The company is rumored to make a multi-billion dollar offer for global rights to Formula 1.

  • Amazon is facing a lawsuit alleging they use an algorithm to boost prices and is shutting down its live streaming app. They have also lowered the free delivery threshold for groceries.

  • Netflix is contemplating a price hike to counteract actor strikes. Nvidia is considering making its own chips and Taiwan Semiconductor's September revenue fell.

  • Microsoft's CEO testified that Google will expand its search dominance with AI. They secured a $22 billion US Army contract and are anticipated to close the Activision Blizzard acquisition soon.

  • Tesla may face SEC testimony regarding Elon Musk's Twitter stock acquisition. They reported a sequential drop in deliveries due to factory downtime.

  • The S&P 500 is showing a consolidation pattern and is gearing up for upcoming earnings reports. Technical patterns for major tech stocks are still intact.

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