The fiscal quarter of 2023 is basically over, and we believe that everyone is paying close attention to the performance of the seven US stock giants.

This article will help everyone organize their financial information, look at the price movements of each company after the announcement, and understand what is happening in each sector right now, hoping to discover some momentum in US stocks.

* The Magnificent Seven stocks are Alphabet, Amazon, Apple, Meta, Microsoft, Intel and Tesla.

* It is worth noting that the fiscal year and the natural year may be different, since the fiscal year is different for each company in the United States. The following summary of the financial statements refers to the Company's performance in the fourth quarter of 2023.

MICROSOFT FINANCIAL REPORT - AI HELPS MSFT BECOME ONE OF THE HIGHEST MARKETABLE COMPANIES IN THE WORLD

FY2024 Q2 Results (Announced on 3 January 2024)

• Revenue: $620.20 billion, up 17.58% year-on-year

• Earnings Per Share: $2.93, up 33.18% YoY

• Stock price movement after the report: -2.69%

In early 2024, thanks to the surge of AI, Microsoft surpassed Apple to become the world's most marketable company.

Microsoft released Q2 results on January 30, 2024, despite a 2.67% drop in share price, but recovered two trading days later and continued to settle on the global throne.

In terms of results, Microsoft posted revenue of $620.20 billion, up 17.58% year-on-year, and revenue momentum accelerated. Earnings per share were $2.93, an increase of 33.18% year-over-year. Profit growth is faster than revenue, indicating that cost control is also showing little results.

The highlight of the Microsoft report is still AI's push for cloud business. The Smart Cloud business generated revenue of $258 billion, up 20% year-on-year, exceeding the $253 billion expected by analysts. In which cloud computing star product Azure revenue grew by 30% year-over-year, exceeding the 28% expected by analysts. In addition, Microsoft executives said that 6 percentage points of Azure's Q2 growth was attributed to artificial intelligence, double the 3 percentage points in Q1.

In addition to the cloud computing business, AI may also be driving Microsoft's software business. The company has begun commercializing AI software, bundling Copilot AI and Microsoft 365 for $30 a month. However, the company has not announced a specific number of paid users at this time, and executives say Microsoft 365 Copilot is currently in the early stages and is expected to generate more revenue over time in the future.

* Source: CNBC, Tipranks. Post-report stock price movement refers to the percentage of stock price changes the day before the announcement and the next day of the report.

Apple Report - Revenue Finally Regains Growth, But New Growth Points Are Still Needed

FY2024 Q1 Results (released on February 1, 2024)

• Revenue: $1195.75 million, up 2.07% year-on-year

• Earnings per share: $2.18, up 15.96% year-over-year

• Stock price movement after the report: -0.54%

Apple's financial statements are solid, which is reflected in the stock price movements after the announcement. Apple's share price fell marginally by 0.54% after the release of the report on February 1. However, compared to Microsoft, Apple has already given up the throne of the global throne due to its poor growth.

In terms of results, Apple's revenue reached $1195.75 billion, up 2.07% year-over-year, and earnings per share were $2.18, up 15.96% year-on-year. The biggest highlight of this report is that revenue has resumed growth, which has seen negative growth for four consecutive quarters before.

Apple's return to revenue growth may be linked to a recovery in the global smartphone market. According to a report from IDC, smartphone sales grew by 5% year-on-year in October 2023, the first time that sales have fallen for 27 consecutive months. But whether this warming signals the end of the smartphone downcycle remains to be seen further.

However, in the long run, Apple still faces the problem of weak growth. Apple hasn't gotten its hands on a revolutionary product in the wave of AI, so many investors may be eyeing the recently launched Vision Pro. But for a product with such a high price, it remains to be seen how much it will sell and how much revenue it will bring to Apple.

* Source: CNBC, Tipranks. Post-report stock price movement refers to the percentage of stock price changes the day before the announcement and the next day of the report.

Amazon Financial - Decrease in Visibility and Promote Profits

Q4 2023 RESULTS (ANNOUNCED ON FEBRUARY 1, 2024)

• Revenue: $1699.61 billion, up 13.91% year-on-year

• Earnings per share: $1.00, year-on-year increase of 3233.33%

• Stock price movement after the financial report: +7.87%

Amazon's stock price rose 7.87% after the announcement on February 1, making it the best performing company among the seven giants.

The biggest highlight of Amazon's report is that downscaling continues to work. Between the end of 2022 and the middle of 2023, the company's headcount reached 2.7 million and cut spending on logistics and streaming. As a result, Q4 net profit soared to $106 billion. Earnings per share were $1, down from just $0.03 in the same period last year, a year-over-year increase of 3233%.

More importantly, the company gave optimistic guidance for Q1 2024 results. Revenue for the first quarter of 2024 is expected to be between $1380-1435 billion, while analysts forecast $1421 billion.

* Source: CNBC, Tipranks. Post-report stock price movement refers to the percentage of stock price changes the day before the announcement and the next day of the report.

Google Analytics - Advertising Business Goes Beyond Expected

FY2024 Q4 Results (Announced on 30 January 2024)

• Revenue: $863.10 billion, up 13.49% year-on-year

• Earnings per share: $1.64, up 56.19% YoY

• Stock price change after financial statement: -7.35%

Google parent Alphabet's report did not satisfy the market. The company's stock price fell 7.35% on the day after the release of the report on February 1.

In terms of results, Alphabet's overall revenue and profit both exceeded analysts' expectations, and revenue growth was the fastest quarter since early 2022.

However, its core advertising business did not perform as expected, with advertising revenue of $655.2 billion, below analysts' forecasts of $659.4 billion, according to StreetAccount data.

This reflects market concerns about Google facing competitive pressure in the advertising industry. In fact, both Google and Meta rely primarily on advertising revenue, the difference is that Google relies on search engines and Meta is a social platform. According to the quarterly financial data, Meta's advertising business grew slightly faster, compared to Google's advertising business.

With the rise of short videos, young people are increasingly fond of wasting time on Instragram or Tiktop. In the future, Alphabet in the advertising business will face not only old rival Meta, but also against new challenger TikTok. Therefore, whether it continues to strengthen the foundation of its advertising business could be critical to determining Google's share price momentum.

* Source: CNBC, Tipranks. Post-report stock price movement refers to the percentage of stock price changes the day before the announcement and the next day of the report.

Meta Financial - Significantly Boosts Shareholder Returns

Q4 2023 RESULTS (ANNOUNCED ON FEBRUARY 1, 2024)

• Revenue: $401.1 billion, up 24.70% year on year

• Earnings Per Share: $5.33, up 202.84% YoY

• Share price movement after the financial report: +20.32%

Meta is the best-performing company of the seven giants after the announcement. Meta's share price is up a massive 20% since the release of the report on February 1.

In terms of results, the company achieved a 24.7% year-over-year revenue growth in the fourth quarter, the highest since the third quarter of 2021; while costs and expenses fell 8% year-over-year, doubling operating profit to 41%, and net profit grew 201% year-on-year to $140 billion.

This clearly reflects the very good that the company has done in terms of reducing costs and improving efficiency. Data shows that as of the end of last year, the total number of Meta employees has decreased to 6.7 million people, a 22% decrease from the previous year.

The biggest highlight of Meta Financial is shareholder returns. The company announced a dividend of $0.5 per share and launched a $500 billion share buyback program.

* Source: CNBC, Tipranks. Post-report stock price movement refers to the percentage of stock price changes the day before the announcement and the next day of the report.

Tesla Report - No more stories to tell in 2024?

Q4 2023 Results (Announced on 24 January 2024)

• Revenue: $251.67 billion, up 3.49% year-on-year

• Earnings per share: $2.27, up 112.15% YoY

• Share price movement after the financial report: -12.13%

Tesla is the worst-performing company of the seven giants after the announcement. After the announcement of the results on January 24, its share price fell sharply by 12.9%.

In terms of results, Tesla posted fourth-quarter revenue of $251.67 billion, up just 3.49% year-over-year, and earnings per share of $2.27, an increase of 112% year-on-year. While the profit looks good, it actually includes a one-time non-cash tax benefit. Excluding these non-GAAP earnings per share of $0.71, a year-over-year decline of 39%. Both figures were below the $256 billion and $0.73 expected by analysts.

However, the main reason for Tesla's share price plunge was the company's disappointing outlook for the future. Tesla warned that 2024 production and delivery growth would slow, and that it did not announce delivery targets for this year. In general, if a company suddenly announces that it will not publish a piece of data, it may mean that the data has not performed so well.

In addition, when Tesla enters the product vacuum period in 2024, there are no new cars released, the electric pickup cybertuck is currently difficult to put down, and there is no progress in autonomous driving. In other words, Tesla lacks some stories that excite investors.

But every time everyone sees the demise of Tesla, Musk always has the magic to bring the company back to life, not knowing if history will repeat itself this time.

* Source: CNBC, Tipranks. Post-report stock price movement refers to the percentage of stock price changes the day before the announcement and the next day of the report.

ENVIDA FINANCIAL REPORTING - THE UNDESERVING KING OF AI

FY 2024 Q4 RESULTS (ANNOUNCED ON FEBRUARY 21, 2024)

• Revenue: $221.03 million, up 265.28% YoY

• Earnings per share: $4.93, up 764.91% YoY

ENVIDA ANNOUNCED ITS RESULTS ON FEBRUARY 21 AND JANUARY 24, AND ITS AFTERMARKET SHARE PRICE GAINED NEARLY 10%.

Driven by its AI chip business, Inweida's performance continued to grow at a high pace, with Q4 revenue of $221 billion, up 265.28% year-on-year. Net profit was $122.9 million, compared to just $14.1 million in the same period last year.

ENVIDA'S STRONG PERFORMANCE HAS BEEN DRIVEN MAINLY BY THE DEMAND FOR AI NUMERICAL CHIPS, AND THE DEMAND FOR AI NUMERICAL POWER HAS INCREASED AS AI PROGRESSES INTO VARIOUS INDUSTRIES.

But investors worry that Indyda's high growth may not continue. In a telephone conference call, Inweida CEO Wong played down some investor concerns, saying that the growth outlook for FY2025 and beyond is still optimistic.

* Source: CNBC

To summarize

After this report, you can see more clearly how the trends of the 7 giants are beginning to diverge.

• MICROSOFT AND INGENUITY RELY ON THE BIG TREE OF AI TO GET THE SECOND GROWTH CURVE.

• Meta and Amazon released a lot of profit by downgrading.

• Google's overall business is still relatively healthy, but ad revenue fell short of expectations, sparking investor concerns about increased competition.

• Tesla's situation is not optimistic, not only facing more competition in the electric car industry, but also entering a product vacuum period in 2024.