In the third quarter of 2026, Class A shares of the Alger Growth & Income Fund underperformed the S&P 500 Index. Key contributors to the fund's performance included Microsoft, Apple, and Meta Platforms, while KLA Corporation, Corning, and Broadcom were notable detractors. This performance highlights the challenges the fund faced despite strong gains in major tech stocks. Investors should monitor future fund updates to see how management adjusts holdings amid market shifts.
Following the Alger Growth & Income Fund's Q3 update highlighting mixed tech stock performance, Microsoft trades at USD 504.87 with a slight 0.44% decline, and Apple is down 2.60% at USD 329.51 on Pluang as of Nov 03, 2026 15:11 WIB. Meta Platforms holds steady with a marginal 0.03% gain at USD 606.89, reflecting varied investor sentiment across these major holdings.
Microsoft reported better-than-expected earnings with revenue of $92.28 billion and strong Azure growth of 48%, yet its stock price at $523.71 is still 2.59% lower than a year ago. Despite this, analysts remain optimistic, with a 24/7 Wall St. price ...
AI companies like Alphabet, Amazon, Microsoft, and Meta are seeing strong revenue growth but are also spending heavily on AI infrastructure, often burning through cash. Free cash flow, which measures cash left after operating expenses and capital inv...
Apple and Microsoft both beat earnings estimates, but Apple is growing profits faster by expanding margins, driven by strong iPhone 17 sales and controlled infrastructure spending. Microsoft grew revenue faster, especially in Azure cloud services, bu...
Microsoft's recent US bond issuance, its first in years, is a strategic move to fund expansion amid soaring demand for its AI infrastructure services, backed by $677 billion in signed contracts. The company's strong financial health, with low debt ra...
Microsoft reported a 48% growth in its Azure cloud services and generated $18.6 billion in free cash flow, highlighting its strong performance amid concerns over AI sector spending. The company’s cloud backlog reached $677 billion, supported by growi...
