Four major tech firms report earnings this week
Major tech companies will release their earnings reports this week, with four of the ‘Magnificent Seven’ set to report.
The earnings reports come after Alphabet’s setback last week, which raised questions about the cost of investing in AI.
Investors will be watching to see if the revenue generated by AI can cover the significant capital expenditures required to develop and implement the technology.
The big tech earnings will be closely watched, with companies like Microsoft, Apple, and Amazon set to report on July 29 and 30.