How tech giants play off of each other's earnings: Strategist

), issued earnings last week. Some of the reports announced plans for major capital expenditures toward the development of AI projects.

"Meta came out first, and they guided below the Street for next quarter's revenues, but then they took up their cap-x as well as their expenses. Google came out after that, and remember, Meta went down 11%, and Google initiated a dividend, which was great, but if you look at the forward numbers, actually, the estimates across the Street actually edged down for revenues for their upcoming June quarter as well.

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Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-offInvestors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
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Stock market today: S&P 500, Nasdaq notch big gains as Tesla kicks off 'Magnificent 7' earningsThe wait for Tesla results is on as investors look to Big Tech earnings to buoy stocks.
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Meta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo FinanceMeta, IBM sink on earnings, American Airlines and Caterpillar report: Yahoo FinanceShares of Meta (META) are deep in the red this morning despite the company...
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