Here are 10 popular stock market top companies news stories this week:
- Tesla’s Q3 earnings beat estimates, but revenue falls short
- Apple announces new iPhone 15 lineup with major camera upgrades
- Microsoft to acquire Activision Blizzard in $68.7 billion deal
- Alphabet’s Google parent company reports mixed Q3 earnings
- Amazon’s Q3 earnings fall short of estimates, but revenue grows
- Meta’s Q3 earnings plummet as ad revenue declines
- Netflix loses subscribers for the second quarter in a row
- Nvidia’s Q3 earnings beat estimates, but revenue falls short
- Taiwan Semiconductor Manufacturing Company (TSMC) reports strong Q3 earnings
- Samsung Electronics reports record Q3 earnings
Tesla’s Q3 earnings beat estimates, but revenue falls short
Tesla reported better-than-expected earnings for the third quarter, but revenue fell short of estimates. The company delivered 241,300 vehicles in the quarter, up 25% from the previous year. However, revenue fell short of estimates due to higher costs and supply chain disruptions.
Apple announces new iPhone 15 lineup with major camera upgrades
Apple announced its new iPhone 15 lineup this week, with major camera upgrades. The new phones will feature a 48-megapixel main camera sensor, a new front-facing camera, and improved image processing capabilities. Apple also announced new features such as an always-on display and a faster A17 Bionic chip.
Microsoft to acquire Activision Blizzard in $68.7 billion deal
Microsoft announced that it will acquire Activision Blizzard in a $68.7 billion deal. The deal is expected to close in the fiscal year ending June 30, 2023. The acquisition will give Microsoft access to Activision Blizzard’s popular video game franchises, such as Call of Duty, Warcraft, and Candy Crush.
Alphabet’s Google parent company reports mixed Q3 earnings
Alphabet, the parent company of Google, reported mixed Q3 earnings. Revenue grew 14% year-over-year, but earnings fell short of estimates. The company’s advertising business was hit by supply chain disruptions and the war in Ukraine. However, Alphabet’s cloud computing business continued to grow strongly.
Amazon’s Q3 earnings fall short of estimates, but revenue grows
Amazon reported Q3 earnings that fell short of estimates, but revenue grew 15% year-over-year. The company’s e-commerce business was impacted by supply chain disruptions and rising inflation. However, Amazon’s cloud computing business continued to grow strongly.
Meta’s Q3 earnings plummet as ad revenue declines
Meta, the parent company of Facebook and Instagram, reported Q3 earnings that plummeted as ad revenue declined. The company is facing challenges from Apple’s privacy changes and increased competition from TikTok. Meta is also investing heavily in the metaverse, which is still in its early stages of development.
Netflix loses subscribers for the second quarter in a row
Netflix lost subscribers for the second quarter in a row. The company is facing increased competition from other streaming services such as Disney+ and HBO Max. Netflix is also raising prices and cracking down on password sharing in an effort to reverse the decline in subscribers.
Nvidia’s Q3 earnings beat estimates, but revenue falls short
Nvidia reported Q3 earnings that beat estimates, but revenue fell short of estimates. The company’s gaming business was hit by supply chain disruptions and the war in Ukraine. However, Nvidia’s data center business continued to grow strongly.
Taiwan Semiconductor Manufacturing Company (TSMC) reports strong Q3 earnings
Taiwan Semiconductor Manufacturing Company (TSMC), the world’s largest chipmaker, reported strong Q3 earnings. Revenue grew 28% year-over-year, and earnings grew 76% year-over-year. TSMC is benefiting from the global chip shortage and the increasing demand for chips from a variety of industries.
Samsung Electronics reports record Q3 earnings
Samsung Electronics reported record Q3 earnings, driven by strong demand for its memory chips and smartphone displays. Revenue grew 11% year-over-year, and earnings grew 42% year-over-year. Samsung is expected to continue to benefit from the strong demand for memory chips and smartphone displays in the coming quarters.
Conclusion
These are just a few of the top stock market news stories this week. Investors should carefully consider all of the news and information available before making any investment decisions.