Yahoo Finance Video
Several major companies, including five of the Magnificent Seven — Alphabet (GOOG, GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT) – reported quarterly earnings this week. Yahoo Finance spoke to executives, experts, and analysts across the industry to break down everything investors need to know, including the winners and losers from this week’s results. Yahoo Finance Markets Reporter Josh Schafer broke down the big earnings week ahead and what to expect from these mega-cap tech companies. Schafer said, “Really, you’re only missing Nvidia in terms of massive tech companies to report this week. And really I think the story here is understanding how big this is going to be for the overall market.” GM (00:00:14) General Motors (GM) reported better-than-expected fourth-quarter results. General Motors CFO Paul Jacobson discussed the results, EV adoption, and the company’s growth plans. Jacobson said, “It was another year of overcoming a lot of challenges. As we think about 2024, it really is a year of execution. For us, we’ve got the roadmap. We talked about 200,000 to 300,000 EVs being produced this year.” Alphabet (00:00:36) Alphabet reported better-than-expected revenue and profit, but ad revenue came in weaker than analyst estimates of $65.94 billion. Baird Technology Desk Sector Strategist Ted Mortonson provided insight into the results and the impacts of AI on Google and other tech companies. Mortonson said, “People are…
