Opinion
Can the tech giants live up to all the AI hype?
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.
Karen MaleyColumnistThe 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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