Nio's stock is surging, big tech had some big results and a Blizzard surge
Nio (NYSE: NIO) shares were up 10% on Thursday and surging and this is why. The Chinese electric car company hit a key production milestone —rolling out its 5000th electric car. The car maker also recently won a Chinese government contract to supply vehicles between 2020 and 2022. Click here to read more
The Big four —Google, Amazon, Apple and Facebook reported earnings on Thursday. Despite government scrutiny, Facebook’s revenue jumped 22% in the last 3 month. Apple announced $12.67 billion in profits but is under pressure to deliver strong iPhone sales. As a result, the stock was down 2% in post-market. Amazon’s revenue is up 37% with $6.3 billion net income. Alphabet smiled to the bank as revenue rose 14% to $46.17 with Google search raking in billions. Click here to read more
Activision Blizzard, publishers of Call of duty, benefitted massively from the Covid imposed lockdowns. It surpassed analysts expectations, reporting $1.95 billion, up 38% from last year. Business is good as CEO Kotnick announced they need to hire over 2000 more staff. Click here to read more
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