(COMBO) This combination of images created on July 7, 2020 shows (LR) Facebook CEO Mark Zuckerberg in Paris on May 23, 2018, Google CEO Sundar Pichai in Berlin on January 22, 2019, Apple CEO Tim Cook on October 28, 2019 in Founder and Executive New York and Amazon director Jeff Bezos in Las Vegas, Nevada on June 6, 2019.
Together, four of the largest US technology companies added a total of about $ 200 billion to market values after Thursday̵7;s hours, as each issued high-income reports that exceeded analysts’ expectations on most fronts.
By the end of Thursday, Apple, Amazon, Alphabet and Facebook collectively were worth $ 4.9 trillion. Companies are likely to open more than $ 5.1 trillion on Friday, taking into account Thursday’s profit by the hour.
Apple reported a historically strong quarter and added more than $ 74.4 billion to its market capitalization in hourly trading. Amazon, which saw a sharp increase in sales due to the coronavirus pandemic, also added about $ 74.4 billion. Although Alphabet saw an annual decline in revenue after becoming a public company, it added $ 7.6 billion. Facebook reported the slowest revenue growth since its market debut in 2012, but added $ 42.6 billion.
The high-income report comes one day after four CEOs spent several hours answering questions from the House Antitrust Committee about their authority and influence. Despite interrogations and impending lawsuits against all four companies, investors do not appear to be interested in the proceedings and continue to increase stocks.
In total, four companies and other technical giants Microsoft (worth more than $ 1.5 trillion) and Tesla (worth more than $ 275 billion) accounted for a total of NASDAQ 100 earlier this month.