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Shares in Alphabet surged as much as 12% in after-hours trade. Revenue was $80.5bn for the three months to the end of March, compared with analysts’ estimates of $78.6bn (€73.25bn)
A client portfolio manager at Zacks Investment Management said: 'There’s other ways that you can access the excitement and energy in the sector'
Many Irish pensions and other passive general investment schemes have the largest equity exposure to the Magnificent 7 stocks for no good reason
The results could also dictate the direction of the wider market this week, as most of the gains this year have come from the AI-driven rally in Nvidia and Big Tech
iPhone maker's shares rose to $189.90, their highest price ever, leaving Apple's stock market value at $2.97tn at close of business