Tech giants like Alphabet, Tesla, and Meta are gearing up for a busy earnings season. Wall Street is optimistic after Nasdaq’s record close, but concerns linger over tariffs and AI investments. Mega-caps like Amazon, Apple, and Microsoft are set to report earnings, with a focus on cloud growth and global trade impact.

Alphabet faces growth concerns as trade policies impact ad revenue. Analysts predict slower expansion, but advancements in AI could boost performance. Cloud growth and Waymo’s progress are key areas of interest for shareholders.

Tesla struggles with declining deliveries and revenue amid fierce EV competition. Elon Musk’s split with President Trump adds intrigue to earnings call. Robotaxi rollout may not have significant financial impact, but investors hope for new EV model update.

Meta’s aggressive AI investments raise investor expectations. Zuckerberg’s hiring spree and creation of Meta Superintelligence Labs spark interest. Revenue growth projection is lower than expected, and focus remains on AI returns and strategy clarity.

Microsoft’s Azure business drives growth, but challenges persist. Azure’s strength and potential headwinds from Trump’s policies are key concerns. Investors await spending guidance and Azure’s revenue growth, amid cost-cutting measures and workforce reductions.

Apple grapples with tariff impact and global trade tensions. Revenue growth expectations are modest, with focus on China and Asian supply chain. Recent deals and investments in U.S. manufacturing aim to mitigate risks and enhance operations.

Amazon faces tariff uncertainty and cloud growth constraints. Operating profit forecast falls short, but CEO Jassy remains confident in weathering challenges. Cloud revenue growth is slower than expected, with data center capacity constraints affecting performance.

Read more at CNBC: AI spending, China and Trump tariffs loom