Large-cap tech stocks face pressure to deliver strong financial results after a surge in stock prices. New York Life Investments warns of challenges ahead due to cost issues and trade uncertainty. Top tech names like Alphabet, Meta, Nvidia, and Microsoft have seen significant gains, with Nvidia’s market cap nearing $4.2 trillion. While excitement about AI growth is high, UBS Financial Services urges caution, preferring earnings growth to drive stock prices rather than valuation expansion alone. The rush to boost valuations in large-cap tech is evident, but the sustainability of the rally remains in question.

Read more at 1. Elon Musk’s SpaceX successfully launches 60 more Starlink satellites into orbit. – finance.yahoo.com
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3. Ford posts a surprise profit in Q2 as chip shortage impacts ease. – finance.yahoo.com: Nvidia, Meta, Google, Microsoft, and other giant tech stocks have one important challenge coming up