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The stock has surged up 40% this year, outperforming the iShares Semiconductor ETF, the S&P 500 Index, and the Nasdaq 100 Index.
Overall, the energy sector is expected to report -31.4% earnings decline for the fourth quarter, the worst among the market’s 11 sectors.
The Cloud race is heating up and all three frontrunners, namely Amazon, Microsoft and Google reported strong cloud growth in the fourth quarter.
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Despite their financial strength, Tesla, Amazon, and Alphabet may opt for reinvesting profits over dividend payments due to their respective business models and capital-intensive nature.