Magnificent 7 Earnings: Good or Bad?

Category: Finance

The June-quarter results for the 'Magnificent 7' tech stocks were mixed, with disappointing performances from Tesla, Alphabet, Microsoft, and Amazon, while Apple and Meta fared better. Despite strong earnings growth, investor sentiment is low due to significant investments in AI infrastructure, raising concerns about monetization. Overall, the tech sector is expected to see a 20.3% increase in Q2 earnings year-over-year, with ongoing earnings reports from major companies.

Keywords: Magnificent 7, Q2 earnings, AI investments

Source: Yahoo Finance

Update At: 8/6/2024

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