Big Tech’s earnings season continues with Google, Meta, and Microsoft announcing results. Amazon and Apple follow. The week is crucial for tech investors. Key focus on AI investments and iPhone 17 performance. Amazon must show AI progress. UBS notes Google and Microsoft cloud growth outpacing AWS. Analysts look for AWS sentiment improvement. Microsoft and Google benefit from OpenAI partnership. Google Cloud Platform spotlighted for growth potential. Competition arises in the browser space for Google. Microsoft’s cloud business is booming, thanks to OpenAI’s demand, positioning it for a strong quarter. Concerns arise over allowing OpenAI to seek cloud capacity from third-party vendors. Meanwhile, Meta and Apple focus on AI and iPhone sales, with Apple’s new lineup outselling the previous model in the US and China. Wall Street awaits the impact of new iPhone models on Apple’s market cap. 1. The stock market hit record highs today, with the Dow Jones Industrial Average closing above 30,000 for the first time. This milestone comes as investors show optimism for a potential COVID-19 vaccine and economic recovery.

2. President-elect Joe Biden has selected Janet Yellen as his nominee for Treasury Secretary. If confirmed, Yellen would be the first woman to hold this position. Yellen previously served as the Chair of the Federal Reserve.

3. COVID-19 cases continue to rise across the country, with over 12 million confirmed cases in the United States. Health officials are urging the public to follow safety guidelines, such as wearing masks and practicing social distancing, to help slow the spread of the virus.

Read more at Yahoo Finance: Big Tech’s earnings will focus on AI and iPhones