This has been a gut wrenching time for holders-including this writer-for holders of high growth IT shares. Investing is supposed to be somewhat logical: the results of the past week or so have defied logic. Ticker Target portfolios had some significant winners but overall most high growth IT shares have fallen victim to the risk-off…
Summary Microsoft reported another blow-out quarter last week. The company handily exceeded prior consensus estimates for revenues and EPS and most analysts raised forward estimates and price targets. Azure revenues continue to outperform and rose 85% in constant currency, again, out-growing AWS on a percentage basis. Other major stars last quarter were gaming with 39%…
Yes, that is a bit of hyperbole but not all that much. On Friday, a publication called “The Information” carried a story that Amazon is planning to sell its white box switches to business customers. Amazon has made what are called white box switches for years to facilitate its own network. By definition, white box…