Tech companies must deliver strong profit growth in upcoming earnings to justify the significant stock price gains and valuations near record levels
Too little corroboration in the last 3 days to call a trend (3 articles). Watching for it to gain traction.
"The test for big tech will begin starting today with Google-parent Alphabet reporting its results for the quarter after market closing hours. The focus will be on the outlook for the upcoming quarters, how has the cloud business fared, and more importantly, what about the billions in capex that the company announced in the previous quarter."
"All kinds of companies are under pressure to report strong growth in profit for the spring. They will need to in order to justify the big moves their stock prices have made. On Wednesday, Alphabet will tell investors how much it made during the spring and give updates on its AI efforts."
"key earnings reports expected from Alphabet, Tesla, and Intel later this week have traders on edge"