Investors will be closely watching to see if Microsoft, Alphabet, Amazon, Apple and Meta can report a rise in earnings that would justify the surge in their share prices.
The mania surrounding generative artificial intelligence (AI) has propelled the US sharemarket to record levels, but this week’s earnings reports from the five US tech giants will test whether the hype has been overdone.
In particular, investors will be questioning whether the tech giants – Microsoft, Alphabet, Amazon, Apple and Meta – can report a rise in earnings that would justify the huge surge in their share prices. (So far this year, the US blue chip S&P 500 has risen 2.5 per cent, and the tech sector is up by close to 6 per cent).
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Karen Maley writes on banking and finance, specialising in financial services, private equity and investment banking. Karen is based in Sydney. Connect with Karen on Twitter. Email Karen at karen.maley@afr.com
