Google, Apple rulings will impact Big Tech stocks in the future: Jacob Sonenshine
Jacob Sonenshine, a market reporter for Barron's, discusses the significant financial repercussions for Google and Apple following a European Union court ruling that required them to pay billions in back taxes and fines. This ruling is likely to have a lasting impact on the valuation and performance of Big Tech stocks in the future.
Stock Forecasts
GOOGL
Negative
The fallout from the EU ruling may lead to increased regulatory scrutiny and potentially reduced profit margins for both Google and Apple. This could negatively affect their stock performance as investor confidence may wane due to the financial liabilities imposed by the ruling.
AAPL
Negative
Apple may also face similar challenges as it navigates the implications of the ruling. Investors might react by selling off shares, leading to a decline in its stock price in the short term as markets digest the consequences of the fines and potential future regulations.
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