Reported 3 months ago
This week, Wall Street eagerly anticipates earnings reports from major tech companies such as Microsoft, Meta, Apple, and Amazon. Rockland Trust's chief investment officer, David Smith, highlighted the importance of this 'data-intensive' period, which is compounded by recent disappointing results from firms like Alphabet and Tesla, leading to diminished investor appetite for poor earnings. Smith emphasizes the varying significance of AI investments among the tech giants, warning against generalized assumptions.
Source: YAHOO