Jan 13, 2020

The Xbox Series X-Playstation 5 battle could bump tech stocks higher

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Data: Yahoo Finance; Chart: Axios Visuals

Microsoft has been a big winner for stock traders over the past year, delivering gains of nearly 60%. But Sony hasn't been far behind and the two companies are preparing to go head-to-head again in the gaming sphere as Sony releases its PlayStation 5 and Microsoft debuts Xbox Series X.

What's happening: A poll from research firm Civic Science shows U.S. consumers favor the Xbox, with 57% of respondents saying they are more excited for the latest Microsoft offering than its Sony rival. The same result holds true across gender and racial lines.

  • Consumers who say they play video games daily say they are more excited about the new PlayStation (44% to 25%).
  • CivicScience's survey was taken in January among more than 1,600 Americans age 13 and up.

Reality check: No matter which console consumers prefer, Microsoft and Sony can both win. In May, they announced a strategic partnership to co-develop game-streaming technology and host some of PlayStation’s online services on Microsoft's Azure cloud platform.

The bottom line: If these new consoles create enough hype and can deliver returns in the $38 billion video game console market, 2020 could be an even bigger year for Microsoft and Sony.

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Microsoft again top U.S. company as market cap hits $1.435T

Data: FactSet; Chart: Axios Visuals

Microsoft again became the most valuable U.S. company on Monday as its stock rose to another record high. Microsoft regained the designation after more than three months in second place, trailing Apple.

Details: The company's stock rose 2.6% to boost its market capitalization to $1.435 trillion. The last time Microsoft was the most valuable U.S. company at the market's close was Oct. 30. Prior to that, Microsoft was the most valuable for 127-straight sessions, from April 18 through Oct. 17, according to MarketWatch. Year to date, Microsoft's stock has jumped by 19.7%.

Go deeper: The 5 biggest U.S. stocks account for almost 18% of the S&P 500's market value

Google cashes in on law enforcement data requests

Illustration: Sarah Grillo/Axios

Google began capitalizing on law enforcement's request for user data this month, the New York Times reports.

The big picture: Big Tech giants like Amazon, Facebook, Twitter, TikTok, and Microsoft explicitly announce they might seek reimbursement for giving personal data to federal agencies and law enforcement, which they're legally entitled to do.

Go deeperArrowJan 25, 2020

Podcast: Microsoft's massive climate pledge

It’s big. It’s bold. It’s maybe impossible. And Microsoft is hedging a bit when it comes to the politics of its vow to become "carbon negative" by 2030. Dan digs in with Axios' Amy Harder.

Go deeper: Microsoft's split screen on climate policy

Keep ReadingArrowJan 17, 2020