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Q1 earnings reporting season brings us great bargains. Especially in big tech.

Last week we saw many of the big tech companies announcing their quarterly earnings. Despite some robust earnings and good outlook the stock movements were either muted or fell. Here are some great buys to consider.

Advance Micro DevicesInc (AMD)|Nasdaq|USD81.62|30th April Closing|Medium Term Investment

After reporting smashing Q1 results the stock is down 4.6% since announcing quarterly results on 28th April. AMD's operating profit was up 274% for a single quarter and Dr Lisa Su, CEO, has given a guidance of 50% revenue growth for 2021. Up from its initial guidance of 37%. Investors are a little uncertain due to the chip shortage around the world but Dr Su on Friday informed Yahoo Finance that it will take a couple of quarters to turn things around with regards to shortage of supply. AMD is one of the leading chip design and architecture companies in the world today for the gaming , personal computing and data centre industry. Furthermore, they are partnered with Taiwan Semi Conductor, the world's leading chip maker, who is their main chip manufacturer.

Apple Inc (AAPL)|Nasdaq|USD131.46|30th April Closing|Medium to Long Term Investment

If you don't already have Apple stock in your portfolio this may be a good time to look into buying some . On 28th April , AAPL reported a great Q2 (quarter ending March 27th 2021) with revenues up 54% year over year at USD89.6 billion. It had a double digit growth in each products segment with services and Mac revenues at all time high. Despite the "blowout" quarter share prices have dipped about 4% since announcement. Some analyst are worried that chip shortage may affect near to mid term growth and feel the need to work remotely and upgrade hardware may be slowing down as vaccinations are being rolled out. However, we feel that's a very short sighted view of a company that has never failed to innovate and bring new user experience and solutions into our lives. Top that with further improvements and adoption of 5G across the world which will only lead to more demand of its products. Rapid shift to cloud computing is another catalyst for demand boom in its mobile devices and services. Overall the medium term future looks good with some small dips that may be expected with chip shortages. Apple Inc is definitely value for money right now especially if stock dips below USD130.00.

Microsoft Corp (MSFT)|Nasdaq|USD252.18|30th April Closing|Medium to Long Term Investment

Microsoft Share prices have been up appx 12% over the last 30 days and 17% up YTD until earnings announcement was made. Despite beating analyst's revenue and earnings estimate for Q3 the share price has decline about from its highs of USD262.00 on 27th April to USD252.18.

Its Azure Cloud service revenue grew 50% year on year and its personal computing division saw 19% increase in revenue for Q3. It also gave better then expected revenue guidance for Q4 of USD 44.5billion compared to USD42.9 billion average estimate by analysts as reported by Refinitiv. We do see some more profit taking in this stock in the coming days and believe any price below USD245.00 is a good entry point.

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