Tech megacaps ‘better deliver like Google,’ portfolio manager says ahead of earnings

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Following an earnings beat from Alphabet Inc., one portfolio manager says other major tech companies need to deliver strong results amid high multiples and large AI expenditures.

Daniel JohnsonMartin Pelletier, portfolio manager at Wellington-Altus Private Counsel, joins and gives his thoughts on how U.S. elections impact the markets.

Martin Pelletier, a portfolio Manager at Wellington-Altus Private Counsel, said in an interview with BNN Bloomberg Wednesday that the tech giant delivered a “solid quarter.” “And the big question is, are the rest of the five megas who are reporting this week going to post similar results?”Wednesday, with Bloomberg News reporting that investors will look to see if their large AI expenditures are paying off.

 

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