Reported 24 days ago
Despite exceeding analyst expectations for sales and profits, earnings from major tech companies like Microsoft, Apple, and Amazon failed to invigorate investor confidence, leading to declines in stock prices. The anticipated profitability from AI investments remains uncertain, with analysts downgrading future profit projections as heavy spending continues. Although some firms showed growth potential, the overall sentiment suggests tech stocks may be losing their appeal compared to other sectors.
Source: YAHOO