Tech Earnings Reaction: Amazon's Cloud-y Outlook, Intel Jumps, Snap and Pinterest Plunge 4/28/23
Apr 28, 2023•44 min
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Episode description
Carl Quintanilla, Jim Cramer and David Faber covered all of the bases regarding tech earnings: Amazon's warning of a slowdown in its cloud business overshadowed the company's Q1 beat, Intel shares jumped despite the chipmaker's worst-ever quarterly loss, while social media players Snap and Pinterest tumbled by double-digits on guidance that disappointed Wall Street. Also in focus: Big oil earnings beats from Exxon Mobil and Chevron, plus David’s report on a statement from First Republic about the beleaguered bank's strategic options.
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