Tech investors focus on profits after record layoffs; companies to highlight AI

Microsoft, Google parent Alphabet, Instagram owner Meta Platforms and Amazon.com all report quarterly results this week

Together, they command more than $5-trillion in market capitalization, or more than 14 per cent of the value of the S&P 500 index.

Amazon.com Inc, which reported a big drop in fourth-quarter profit due to valuation losses because of its investment in money-losing EV maker Rivian Automotive, is set to post a first-quarter profit that is expected to increase eight times, when compared with the immediately previous quarter. “If last quarter’s message from Big Tech was all about efficiency and bottom line improvement, this quarter’s message is likely to be more forward-looking around the massive potential of artificial intelligence,” Andrew Lipsman, analyst at Insider Intelligence, said.

“There are expectations that companies could create or do even more with AI … every tech investor is expecting those companies to be in the frontier.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

globeandmail /  🏆 5. in CA

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Premarket: Global stocks falter ahead of earnings-packed weekApple, Microsoft among U.S. tech giants set to report quarterly results
Read more »

PRICE DROP: Get lifetime access to Microsoft Office 2021 for $53.99Don\u0027t miss this exclusive deal on Microsoft Office\u0027s full suite of applications and tools
Read more »

PRICE DROP: Get lifetime access to Microsoft Office 2021 for $53.99Don\u0027t miss this exclusive deal on Microsoft Office\u0027s full suite of applications and tools
Read more »

PRICE DROP: Get lifetime access to Microsoft Office 2021 for $53.99Don\u0027t miss this exclusive deal on Microsoft Office\u0027s full suite of applications and tools
Read more »

PRICE DROP: Get lifetime access to Microsoft Office 2021 for $53.99Don\u0027t miss this exclusive deal on Microsoft Office\u0027s full suite of applications and tools
Read more »

The new push for more babies: How tech elites think it will save the planetElon Musk and a new generation of pronatalists are warning of falling birth rates, but some say fertility decline should be celebrated
Read more »