Tech earnings season is in full swing, with Google parent Alphabet reporting its results after the bell. Wall Street is eager to see AI revenue gains, with a focus on Big Tech companies’ capex spending and challenges. Nvidia’s earnings are highly anticipated on Aug. 27, promising a busy season.

Big Tech’s investment in AI data centers has powered Nvidia’s growth, prompting Wall Street to assess the returns. Amazon’s AI business boasts a multibillion-dollar annual revenue run rate, with ongoing growth. Microsoft attributes significant revenue growth to its AI offerings, benefiting from early investments in OpenAI.

Meta is seeing positive results from its AI investments, including longer user engagement and improved advertising business. Apple’s earnings will highlight iPhone sales and its AI capabilities, with a focus on CEO Tim Cook’s plans. Rivals like Google and Samsung are pushing ahead with advanced AI capabilities, adding pressure on Apple.

Nvidia closes out the earnings season on Aug. 27, boasting a $4 trillion market cap and driving AI data center expansion. The company’s plans to sell AI chips to Saudi Arabia and navigate regulatory challenges make for an intriguing end to the season. Stay tuned for more updates.

Read more at Yahoo Finance: AI trade takes center stage as Big Tech earnings season kicks off