All eyes on AI to drive big tech earnings

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NEW YORK CITY — Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse on the bankability of artificial intelligence (AI) and whether the major investments AI requires are sustainable for the long haul.

NEW YORK CITY — Over the next two weeks, the quarterly results of Big Tech giants will offer a glimpse on the bankability of artificial intelligence and whether the major investments AI requires are sustainable for the long haul.Analysts at Wedbush Securities, one of Wall Street's biggest believers in AI's potential, expect 'growth and earnings to accelerate with the AI revolution and the wave of transformation' it is causing.

As for the earnings of cloud giants Microsoft and Amazon , 'we expect them to continue to report very good results, in line with or better than market expectations,' said Zino.'Crucial' betMicrosoft is among the best positioned to monetize generative AI, having moved the fastest to implement it across all its products, and pouring $13 billion into OpenAI, the startup stalwart behind ChatGPT.

 

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