It’s the season when quarterly reports are released! Buckle up.

Spring earnings season is a very important period for investors, traders, analysts, and most importantly big corporations. You’ve heard their names, we are sure!

This period is a time when publicly traded companies release their financial reports for the previous quarter, providing insights into their performance, growth of the companies, and plans for their future. The season typically starts off in April and runs through May, with hundreds of companies across different sectors reporting their quarterly earnings.

This period is closely monitored by financial markets analysts, as it can impact stock prices and open significant opportunities for investors. In this article, we'll take a closer at some of the tech companies that performed really well!

Nvidia's stock growth of 85%

Nvidia hasn't reported their quartal report yet, but it's on this list because it’s one of the main characters this spring!

The stock price of Nvidia has surged 85% since January as the application of artificial intelligence (AI) continues to grow, with many companies investing in the development and implementation of this technology to improve their businesses. Nvidia is the leading player in AI chips, and its impressive growth is a testament to the increasing demand for its products.

Since the beginning of the year, Nvidia's stock price has reached record highs, indicating a positive outlook for the company. Furthermore, the company's future growth is projected to continue, as the commercialization of ChatGPT will require 30,000 Nvidia chips, with one chip costing around $40,000.

Nvidia's market capitalization is now $100 billion larger than that of Meta Platforms. The company's impressive growth and market position underscore the importance of AI technology in today's business world, and Nvidia's success is a clear indication of the potential for further growth in this field. As more companies invest in AI, we can expect to see continued demand for Nvidia's products and further growth for the company.

Nvidia is expected to report earnings on 24/05/2023 after market close.

Meta Platforms has reported unexpected sales growth after four quarters

Meta’s stock experienced a 12% surge in its stock price on 26/04/2023. The company also announced a better outlook for the current period, which further boosted investor confidence regarding the company.

"Our community continues to grow, and we had a good quarter," said Meta's CEO, Mark Zuckerberg, in a statement.

The company's most popular project is "Metaverse," and its Reality Labs unit, which develops virtual reality technologies, generated rocking $339 million in revenue.

Overall, Meta Platforms achieved the following results:

Earnings: $2.20 per share compared to the expected $2.03 per share.

Revenue: $28.65 billion compared to the expected $27.65 billion according to analysts' estimates.

The strong sales growth and positive outlook for the company reflect the increasing demand for digital technologies and virtual experiences, which have been accelerated by the pandemic. Meta said that total expenses for 2023 will be in the range of $86 billion to $90 billion. That figure includes restructuring costs that range between $3 billion to $5 billion.

As the world continues to adapt to the new digital reality, Meta Platforms is well-positioned to capitalize on this trend and continue to grow its business and expand in the market.

Microsoft dominates the stock market

Microsoft's stock rose by 9% on 25/04/2023 after the tech giant released its financial results for the quarter. Microsoft exceeded analysts' expectations in its financial performance.

Here's how the company performed:

Earnings: $2.45 per share, compared to the expected $2.23 per share.

Revenue: $52.86 billion, compared to the expected $51.02 billion.

Microsoft's strong financial performance is a reflection of the company's dominance in the tech industry. With its focus on cloud computing, artificial intelligence, and other innovative technologies, Microsoft is well-positioned to continue to grow and maintain its top position as a leader in the market.

In that report, Microsoft indicated the momentum from its steady stream of products and features integrating OpenAI’s GPT-4 and ChatGPT technologies, including Microsoft 365, Bing, Dynamics, GitHub, and security. However, with many of those products still in their trial phase, Microsoft’s financial payoff from those releases (and its “multibillion-dollar” OpenAI investment) could have been months, even years away.

In general, keep an eye on this stock, because Microsoft's stock prices have risen by 15% this year!

Alphabet exceeded analysts' expectations with its quarterly results 

Alphabet or previously known as Google published their Q results on 25/04/2023. The stock jumped over 4% in extended trading before paring its gains. Here's how Alphabet performed for the last quarter:

Earnings: $1.17 per share compared to expected $1.07.

Revenue: $69.79 billion compared to the expected $68.9 billion by analysts.

The company also announced that its board had approved a $70 billion share buyback.

Also, Ad revenue beat analyst expectations but fell from the year prior to $54.55 billion. YouTube ad revenue stayed in line with analyst expectations, also declining from a year ago. But, Google is finally generating a profit in its cloud-computing business, which competes with leaders like Amazon and Microsoft.

This is not the end

In conclusion, investing during earnings season can be a smart strategy for investors looking to capitalize on market volatility and gain insights into the financial health of companies. By examining a company's earnings report investors can gain a deeper understanding of a company's financial performance and future prospects. All of the tech giants listed above did exceptionally well during the last quarter, bringing in possible opportunities for you, to invest in! In times when companies develop new projects, grow their revenue and expand their businesses, the price of their stock tends to grow. And the companies mentioned in this article are proof of exceptional growth.

If you carefully follow analysts’ predictions and consult experts related to the financial field you can potentially profit in situations like this one.  

This is not the end! The month of May will be full of financial reports that might bring you a positive outcome! Hang tight!