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Alphabet, Amazon, Microsoft set for double-digit revenue as AI spend watched
Techmeme, citing Bloomberg, said Alphabet, Amazon and Microsoft are expected to report double-digit revenue gains this week as investors focus on AI capital spending and when it will pay off.
Alphabet, Amazon and Microsoft are expected to report double-digit revenue gains this week, Techmeme said, citing a Bloomberg preview of the earnings slate1.
Bloomberg described the three as among the largest technology companies and said they are expected to show healthy growth when they report1. Techmeme framed the reports as arriving as investors grow impatient with artificial-intelligence capital spending and look for returns1.
Normally, strong results from those companies would be treated as a stabilizer for a wobbly stock market, Bloomberg said1. For Wall Street, Bloomberg said, the reaction instead depends on two data points: how much money the companies are spending on AI and when that spending will start to pay off in a meaningful way1.
Bloomberg pointed to the market reaction to Meta Platforms Inc. raising its capital-expenditure outlook last week as evidence that any disappointment on spending is unlikely to be treated gently1.
The Techmeme item is a roundup of the Bloomberg article and related earnings-week pieces; the full Bloomberg story is behind a paywall, and company-by-company consensus estimates were not in the freely readable excerpt1. Report dates and the companies' own comments will come with the filings themselves1.
