The Credit Strategist

The Credit Strategist

FAANGs Bite

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The Credit Strategist
Jul 30, 2024
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MSFT is down 6% after hours today on disappointing cloud earnings, following last week’s poor reports by TSLA and GOOG. The latter two stocks also sold off after their earnings releases. And NVDA, which hasn’t reported yet, has lost $1 trillion of market cap over the last five weeks (to a still massive $2.5 trillion), leaving the semiconductor giant, AM…

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