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David Lin
@davidlin_TV
Host, The David Lin Report. In search of the next great story, and really good bubble tea
Joined December 2017
1.3K Following    54.7K Followers
Absolute bloodbath today.... Aphabet, Google's parent company, fell 12.64% on Thursday after earnings. That’s roughly $500 billion in market cap gone in a single day. And on Friday, it was under pressure again, falling another 1.79% intraday. Intel plunged approximately 28% on Friday, after falling as much as 20% in after-hours trading Thursday following its earnings release. The company actually beat Wall Street's third-quarter earnings expectations, but its disappointing fourth-quarter guidance triggered a massive selloff, wiping out more than $120 billion in market value. Amazon initially dropped around 7% in after-hours trading Thursday after reporting earnings, before recovering some ground. By early Friday afternoon, it was down approximately 4.5%, as investors reacted to enormous AI infrastructure spending and negative $42.4 billion in free cash flow over the past 12 months. And the selling spread across the semiconductor sector. Nvidia was down approximately 3.4%, AMD plunged nearly 10%, and Micron fell around 5%. Coinbase was also under pressure as news of the Binance hack, potentially the largest cryptocurrency theft in history, shook confidence in crypto markets I'll be covering this extensively today
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