Big Tech earnings face scrutiny over AI investment and growth metrics, market volatility

From CNBC: 2024-07-28 20:00:05

This week, tech giants Microsoft, Meta Platforms, Apple, and Amazon report earnings, facing scrutiny over AI investment and growth metrics. Alphabet’s strong Google Cloud numbers and Tesla’s missed estimates highlight the market’s volatility. Investors await the impact of data-center spending and Fed rate cuts on stock performance. Apple’s upcoming iPhone launch adds anticipation to its earnings report. Amazon and Meta must address concerns over AI investment and sluggish growth amid market uncertainty.



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