HomeBusinessFinance Sector Stock NewsBe Worried For Big Tech: Amazon (AMZN) & Alphabet (GOOGL) Earnings Recap

Be Worried For Big Tech: Amazon (AMZN) & Alphabet (GOOGL) Earnings Recap

Now that we have ChatGPT, people are really learning what this thing can do and Google needs to be worried, says Rebecca Walser. She and Nicholas Mersch talk about Amazon (AMZN) and Alphabet's (GOOGL) earnings which were both released today, February 2nd, postmarket. They talk about how AMZN's net sales increased 9% in 4Q and its revenue came in at $149.20B versus an estimated $145.37B. AMZN also guides for 1Q sales of $121B-$126B. They also note that GOOGL's 4Q operating income came in at $18.16B and 4Q revenue came in at $76.05B versus an estimated $76.49B. Tune in to find out more about earnings and the stock market today.

Market On Close

02 Feb 2023

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