A Deep Dive into Big Tech: Taking a Closer Look at Alphabet, Amazon, Apple & Microsoft 5/18/22

TechCheck

CNBC

Tech, Cnbc, Disruptors, Business, Faang, Management, Technology, Investing

4.5 • 66 Ratings

🗓️ 18 May 2022

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Our anchors begin today’s show with CNBC’s Mike Santoli breaking down the recent performance of Amazon, Apple, Microsoft and Alphabet, and Evercore ISI Head of Internet Research Mark Mahaney shares guidance on what to expect moving forward from those four names. Then, Lightspeed Venture Partners’ Alex Taussig offers his outlook for tech amid the volatility, and our Julia Boorstin covers valuations among fintech companies on CNBC’s Disruptor 50 list. Next, CNBC’s Steve Kovach and Bernstein Senior Research Analyst Toni Sacconaghi take a closer look at Apple, and CNBC’s Kate Rooney joins for a deep dive into payments company Block’s investor day. Later, CNBC’s Steve Kovach returns with insight into Microsoft, highlighting the company’s cloud growth, enterprise software and more. Hosted by Simplecast, an AdsWizz company. See https://pcm.adswizz.com for information about our collection and use of personal data for advertising.

Transcript

Click on a timestamp to play from that location

0:00.0	I'm Dear Jrabosa, and you're listening to CNBC's Tech Check.
0:03.5	Our show is live weekdays at 11 a.m. Eastern. Listen in.
0:11.4	Good Wednesday morning. Welcome to Tech Check. I'm Carl Kintanier with Deerboza and John Fort.
0:15.6	Stocks are falling once again in early trading. The NASDAX down almost 1% today are racing nearly all of yesterday's
0:21.9	gains and losing a quarter of its value for the year. Today across CNBC we're doing a deep
0:27.4	dive on big tech and focusing on a few names we talk about a lot on our show, Apple, Microsoft,
0:33.0	Amazon, Alphabet. The names hold an outsized influence on the markets and our main holdings in nearly
0:38.5	every retirement fund and 401K. Together, the stocks make up more than $7 trillion in market cap and
0:45.3	17% of the S&P as the average is four biggest holdings, but it has not been an easy start
0:51.3	to the year. Take a look at the market cap lost in 2022. Amazon, Apple, Microsoft, all losing more than half a trillion in value, while Alphabet hasn't fared that much better. We'll do that deep dive on each one of these companies throughout the hour. But first, we'll turn to Mike Santoli, who has more on how all of these names have traded lately. Mike? Yeah, Carl, if you take it back all the way to the eve of the
1:11.8	pandemic, you'll see that they are both actually of a similar rhythm to how the stocks are
1:16.3	performed in these big four, but definitely some divergence along the way. They've added,
1:20.5	as you mentioned, about 60% of market cap collectively to above $7 trillion right now. Interestingly,
1:26.8	four of them combined also up about
1:29.1	60, 65% in terms of revenue this year versus 2019. So there's some harmony there, but that revenue
1:35.2	gain really leans a lot on Amazon's top line growth. And of course, Amazon has been the
1:40.8	worst performer here, and its price to sales ratio has gone down.
1:45.4	Apple clearly distinguishing itself by holding up better.
1:49.4	Maybe one of the things that Apple has going forward, among many others,
1:53.2	is the fact that it has shrunk its share count by almost 10% since this point.
1:58.0	The others have not.
1:58.9	Microsoft, a lot less net share buyback, Google keeping it
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.