This week marks the heart of Q1 earnings season with over 800 companies reporting, including Microsoft, Meta Platforms, and Alphabet on Wednesday, and Apple and Amazon on Thursday. Tesla’s results are already out, with only Nvidia left to report on November 19th.

The Magnificent 7 stocks have performed in line with the market this year. Alphabet, Meta, and Microsoft outperformed while Amazon and Apple lagged. The companies reporting this week are leaders in artificial intelligence, except for Apple.

Alphabet’s shares have seen positive momentum, with strong quarterly reports and a favorable conclusion to the DOJ’s case. The market is paying close attention to the company’s cloud business, where improved capacity is expected to drive growth.

Expectations for Q3 earnings for the Magnificent 7 group as a whole are +11.9% higher than last year, with +15.3% higher revenues. The group’s earnings and revenue growth expectations for 2025 Q3 are promising based on Tesla’s results and estimates for the remaining companies.

With 145 S&P 500 members reporting Q3 results, total earnings are up +14.9% from last year on +7.8% higher revenues. Finance sector earnings are up +22.7% with 97.5% beating EPS estimates and 87.5% beating revenue estimates.

An under-the-radar semiconductor company is poised for growth in the AI, Machine Learning, and IoT market. Global semiconductor manufacturing is projected to reach $971 billion by 2028. This company is set to capitalize on the demand for these technologies.

For a detailed view of the evolving earnings picture and stock recommendations, check out the latest report from Zacks Investment Research. The semiconductor company highlighted is in a strong position to benefit from the growing market.

Read more at Nasdaq: Previewing Mag 7 Earnings: What Investors Should Know