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via finance.yahoo.comMarkets

Tech earnings face very high bar as cloud AI strong but core businesses disappointed

FROM THE WIRE · FINANCE.YAHOO.COM

Piper Sandler chief investment strategist, Michael Kantrowitz, sits down with Yahoo Finance Breaking Business News Reporter Jake Conley to share his thoughts on the latest round of tech earnings. Video Transcript 00:00 Speaker A Michael, let's go back to some of those Mag 7…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralHigh expectations for big tech earnings can amplify market reactions to quarterly results.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01According to the analyst, AWS and Google Cloud performed well in AI businesses.
  2. 02Core businesses such as e-commerce and search disappointed and investors grew concerned.
  3. 03The central issue is how high expectations are heading into each quarterly report.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Amazon.com, Inc.AMZNStock250.69 USDMarket closedtoday +2.06%Neutral Alphabet Inc.GOOGLStock280.03 USDMarket closedtoday +0.37%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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