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Apple, Amazon Take Spotlight in Mixed Week for Big Tech Earnings

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Whether this Big Tech earnings season turns out to be a success or disappointment will likely come down to results from Apple Inc. and Amazon.com Inc. later Thursday.

Ryan Vlastelica and Carmen ReinickeEric Jackson, founder of EMJ Capital, talks the top tech stocks and why Amazon and Meta are outperforming Microsoft.

“The bar is already very high simply because valuations are very high,” said Russ Mould, investment director at AJ Bell. “Investors have become accustomed to the Mag7 and tech and AI-related names not just beating forecasts but smashing them — and then raising guidance for the next quarter.” The stakes for Thursday’s earnings reports from the pair have been raised after the market’s negative reaction to results from Microsoft and Meta, which both pledged to continue to boost spending on AI computing gear.

Amazon shares could also be in a precarious position — the stock has clawed back losses following its August report, but remains below July highs. Alphabet’s report could be seen as a good sign for Amazon’s AWS cloud segment, as investors will also be watching for payoff from the company’s heavy spending on artificial intelligence.

 

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