Today, the three biggest tech companies in the world reported their quarterly earnings. Apple, Amazon, and Google all reported strong earnings that beat expectations.

Stocks of the three companies saw a surge in after-hours trading, with Apple, Alphabet, and Amazon leading the way. The Nasdaq Composite closed up 0.5%, with Apple, Alphabet, and Amazon making up the biggest gains.

The strong earnings reports come as a relief to investors, who have been wary of the tech sector in recent months. The tech sector has been under pressure due to antitrust investigations and other regulatory issues.

However, the earnings reports show that the tech companies are taking steps to cut costs and become more efficient. Apple, Amazon, and Google all reported cost-cutting measures, such as reducing staff and cutting back on capital expenditures.

The strong earnings reports are a sign that the tech sector is still a strong performer, despite the challenges it faces. Investors are likely to remain bullish on the sector going forward, as the companies continue to find ways to maximize profits.