Microsoft MSFT beat big on top and bottom-line estimates, far exceeding analysts' expectations, yet the stock fell over 2%. This innovation-driven enterprise has been provided with a strong pandemic tailwind with its cloud-oriented business model experiencing robust demand growth through this medically induced economic coma. So why did the stock fall, and what does this mean for the rest of big tech? AMZN AAPL
For more color on the topic check out my article: Big Tech May Be In Trouble This Earnings Season
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Microsoft Corporation (MSFT): Free Stock Analysis Report
Amazon.com, Inc. (AMZN): Free Stock Analysis Report
Apple Inc. (AAPL): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
