Hey there, fellow tech enthusiasts! Today, we have some exciting news to share about the tech giants that are once again dominating the stock market. 🚀
Netflix, the streaming giant, has managed to surpass even the highest expectations. In a stunning move, Netflix added a whopping 13.1 million net new paid subscribers, which is 50% more than what Wall Street had projected. 📺💥
But that's not all. The so-called Magnificent Seven tech stocks, including Google parent Alphabet, Amazon.com, Apple, Meta Platforms, Microsoft, Nvidia, and Tesla, are once again pulling the S&P 500 back to record highs. 📈
Last year, these tech stocks more than doubled, adding a combined $5.1 trillion in market value. And this month, they have already returned 4.4%, outperforming the S&P 500 by more than 2 percentage points. 💰
Meanwhile, AT&T, which once tried and failed to compete with Netflix, has seen gains in its core cellphone business. However, the company's adjusted earnings outlook for 2024 fell short of analysts' expectations, resulting in a 3% drop in shares. 📉
Overall, the tech sector continues to dominate the stock market, pushing the boundaries of innovation and reshaping our world. It's an exciting time to be a part of this technological revolution! 🌐💡
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