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Big Tech on Deck 08/03/23

Halftime Report

00:00

AMD Nvidia Shares Were Real Underperformers Yesterday

The market is pricing in less volatility for Apple on the heels of earnings. Amazon right now is trading with an implied move of up or down around seven percent. Microsoft's guidance was like okay, but they're doing new grocery stuff that doesn't matter as much if you don't have AWS. If you didn't like Apple at 30, you're going to love Amazon at 40 times earnings. It's almost too much money riding on cloud growth.

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