Seems like very good news for $META, I think it should be up more than 1%. π€·ββοΈ
16B fine when it could have potentially be 200B is a good deal
Important day in the markets today..
$NVDA reports its earnings and the it is surely going to influence the movement of the whole market..
I think semiconductors, $MU, $AMD, $AVGO, $INTC should expect heavy volatility!
I dont feel optimistic about it..
Sold my full $BABA position today for 31% profit as I didnt like the earnings that much.
Revenue growth of 9% was okish, while cloud grew 45%.
$BABA might still be a decent hold, but I increased my China exposure with other positions like $PDD and $TCEHY so I prefer to diversify and derisk a bit..
Alibaba also missed the earnings for 5th time in a row, and is increasing capex.
As I sad, its an ok hold, but taking the profit and replacing it with seemd like fine move, time will tell.