From Morningstar:

This week, five of the Magnificent Seven companies in the world reported earnings. Tesla was the first to report, followed by Netflix, and Nvidia will release its earnings at the end of February. The most recent reports from Meta, Amazon, Apple, Microsoft, and Alphabet show that investors have reacted positively to the earnings results.

Meta (META) reported a total fourth-quarter revenue of $40 billion, up 25% from last year. This revenue was driven by a 24% increase in advertising revenue and a 54% increase in reality labs, due to strong 02 and 03 VR headset sales.

Amazon (AMZN) reported strong fourth-quarter results, including an operating margin of 7.8%, the best in at least a decade. Revenue was in-line and profitability was better than expected, particularly in areas like Amazon Web Services and advertising.

Apple’s (AAPL) December quarter revenue rose 2% year over year to $119.6 billion, driven by iPhone and services growth, but was impacted by lower wearables segment sales. The stock took a 3% hit following results as China results were weaker and iPhone revenue expectations were lowered.

Microsoft (MSFT) reported $62.0 billion in revenue, up 18% year over year. The growth of its cloud business Azure was driven by artificial intelligence which contributed 600 basis points.

Alphabet (GOOGL) reported total fourth-quarter revenue of $86.3 billion, up more than 13% from last year. Artificial intelligence accelerated cloud revenue growth and YouTube monetization, which offset the impact of declining network segment revenue. Model adjustments increased the fair value estimate to $171 from $161.



Read more: Magnificent 7 Stocks: US Tech Earnings in Full