After a soul-crushing 2022 , the once booming technology sector appears poised for a comeback in the new year, or so it seems. Big names in the sector are already off to solid start, with shares of Amazon and Meta Platforms up more than 16% each in 2023. Alphabet and Netflix have surged more than 13% and 21%, respectively.
mountain Shares of Meta Platforms have surged more than 19% since the start of 2023 But earnings season will test the sustainability of these recent rallies and runs, and indicate whether there's evidence to support those surges or if big technology is in just another bear run waiting to lose steam. The season kicks into full gear Tuesday with results from Microsoft .
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: