All eyes are on AI to drive big tech earnings

Started by Dev Sunday, 2024-07-22 09:43

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

 AI is predicted to affect the earnings of major tech companies:

- Microsoft: Analysts expect Microsoft to continue releasing good results, building on its implementation of AI across its products and $13 billion investment in OpenAI.
- Google: Google's AI Overviews feature has been rocky, but the company is expected to continue to be the top destination for search ad spending.
- Apple: Apple's AI developments are still in their early stages, but the company is expected to see growth in China sales.
- Meta: Meta's increased spending on AI is expected to put its earnings under pressure, especially if its growth continues to slow down.
- Amazon: Amazon's cloud business is expected to continue to grow, especially if it can sustain its reacceleration of growth in its first quarter.