Alphabet’s (GOOG, GOOGL) stock is dropping by over 7% in after-hours trading after reporting mixed fourth quarter earnings results, posting revenue of $96.47 billion which slightly missed estimates.
Advanced Micro Devices (AMD) stock is now also dropping in extended hours, despite strong fourth quarter earnings. The chipmaker’s data center revenue missed estimates, coming in at $3.9 billion (vs. estimates of $4.09 billion).
Yahoo Finance tech editor Dan Howley joins Asking for a Trend to break down the two earnings reports, noting the main issues around Alphabet’s cloud revenue miss and increase in CapEx spending.
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This post was written by Josh Lynch