Wednesday, 12 April, 2023

Microsoft and Alphabet Launch $400 B Megacap Rout

<p>Throughout the bull market, technology giant Alphabet Inc. delighted investors by consistently reporting stronger-than-expected revenue and earnings. Disappointing quarterly updates from Texas Instruments Inc., a major manufacturer of semiconductors, Microsoft Corp., and the Google guardian all led to a selloff that threatened to wipe out more than $400 billion in market value among the largest US companies.</p>