Who doesn’t want to be #1 at what they do?
If you’re going to do something – doesn’t it just make sense to be the best at it?
I mean, I have to admit…
I always want to be the top banana… err, Gorilla – in my industry.
Some say I’ve reached that goal…
But will I ever be happy if I’m not sitting at the top of the tree? Absolutely NOT…
I want to be #1 – we all do…
But how does one become #1?
In the high-paced world of technology – it’s all about who’s making the most money…
You’d think it would be more about who’s changing their industry – who’s innovating – but it comes down to making that precious cheddar for shareholders.
And recently – two giants battled it out in Q4 – and it seems like there may be a shift among the big boys.
Who’s making forwards strides and who’s taking a few steps back?
Keep reading to find out…
In the tech game – there aren’t many companies bigger than Google (GOOG) and Microsoft (MSFT)…
And recently – the two found themselves in a shootout to see who would reign supreme on Wall Street – and there was a clear-cut winner.
Microsoft once again outshined its peers’ earnings reports…
Including Google – who took a backseat to Bill’s baby.
Even before the earnings reports came out…
Investors had been treating Microsoft’s stock like it was the last piece of cake at a birthday party – sending shares soaring by 10%.
It was like the secret was out…
And then Microsoft delivered.
Its cloud service, Azure, raked in 30% more dough compared to this time last year…
This was a tad more impressive than the 28% growth the market fortune tellers had predicted.
Meanwhile, Alphabet’s (Google’s parent company) cloud business only managed a 24% increase…
That’s like bringing a knife to a gunfight in the world of tech growth.
But not everything is blue skies…
As cloud computing seems to be stuck in a holding pattern.
In the tech trinity of Microsoft, Alphabet, and Amazon (AMZN) – there’s been a shared sob story about slowing cloud growth…
It’s been like watching a high-speed chase suddenly turn into a Sunday drive.
Microsoft’s cloud growth had previously slowed to a yawn-inducing pace…
But this latest report has investors breathing a sigh of relief.
Everyone’s now watching Amazon with bated breath to see if it will follow suit or crash the party.
If Amazon falls short…
It may send reverberations around Wall Street.
Remember the Magnificent Seven of the stock market last year? Well… the band might be breaking up.
Tesla’s (TSLA) recent performance was about as smooth as a learner driver’s first attempt at parallel parking…
Microsoft is sitting pretty for now, but investors are giving Alphabet the stink eye for its less-than-stellar cloud growth.
And even though some of the other big boys may look like superstars…
It’s Nvidia (NVDA that really has everybody on eggshells – and it doesn’t report until later this month.
Will the chipmaker keep the momentum going? Or will it throw a monkey-wrench into the whole thing?
Only time will tell…
However, if you’re tired of guessing whether the stocks you’re eyeing are going to be moneymakers or dead in the water – you’ll want to consider becoming a member of GorillaTrades.
Our system is based off data – plain and simple. If you want your picks to be backed up by numbers instead of gut feelings and hunches…
Give us a try.
However, if you’d rather travel your own path – we get it…
Just keep your eyes on the tech industry over the next month – it could determine what 2024 is going to look like.
“It’s fine to celebrate success but it is more important to heed the lessons of failure.” – Bill Gates
