Technology Roundup – Google investing $10B in U.S. offices, Microsoft drops after coronavirus-related outlook warning

Published on: February 26, 2020
Author: Amy Liu

Google investing $10B in U.S. offices, data centers

Google (GOOG,GOOGL) will invest $10B in offices and data centers in 11 states as part of its 2020 expansion plans.

The investment is down from last year’s pledged $13B expansion investment.

Plans include a new campus in NYC, an operations center in Mississippi, a data center in Iowa, a “major development” in Kirkland, Washington, and a large office in Cambridge, Massachusetts.

Microsoft drops after coronavirus-related outlook warning

Microsoft (NASDAQ:MSFT) -0.6% doesn’t expect to meet its Q3 guidance for the More Personal Computing segment due to coronavirus-related impact to Windows OEM and Surface.

The company had guided $10.75-11.15B in revenue for the segment.

The rest of Microsoft’s guidance remains unchanged.

Hedgeye names Alibaba as best idea short

Hedgeye adds Alibaba (NYSE:BABA) to its best idea short list, seeing a potential 20% downside.

Analyst Felix Wang cites the amplified risks from the coronavirus outbreak, which will hit Alibaba harder than its peers.

Hedgeye will release its short thesis on Monday.

Alibaba shares closed today up 1.6% to $208.81.

Apple annual meeting: India retail store, $40B in wearables sales

Apple (NASDAQ:AAPL) will open its first physical retail store in India next year.

The company will begin online sales in the country in 2020, according to comments from Tim Cook at the company’s annual meeting.

Cook also said that Apple’s global wearables sales compare to that of Marriott added to Visa, which comes out at over $40B. In Q1, Apple reported $10B in wearables revenue.

Shareholders voted to re-elect the full Apple board.

Apple shares are up 1.3% to $291.70.

Accenture opens Innovation Hub in India

Accenture (NYSE:ACN) opens an Innovation Hub in Pune, the company’s second Nano Lab in the Asia-Pacific region.

The hub will have more than 1,2000 employees working from the location and will showcase advanced tech from Accenture Labs worldwide.

Accenture shares are up 0.8% to $198.71.

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