Tech giants’ earnings week kicks off with big news, technology stocks face double test of AI and profitability
Chip giant Intel is scheduled to debut after the market closes on Thursday. The market expects its revenue to increase by more than 12% year-on-year. However, industry concerns about the PC market and storage dynamics in the second half of the year still make investors cautious. As the second-quarter earnings season for the U.S. stock market reaches its climax, many major companies, including 77 S&P 500 index constituent stocks, will announce their results this week. After the weakening of the semiconductor sector and geopolitical tensions dragged down the market in the previous week, the market is in urgent need of corporate performance to provide support; about 88% of companies that have announced financial reports have exceeded analyst expectations, and the overall performance remains solid.
Chip giant Intel is scheduled to debut after the market closes on Thursday. The market expects its revenue to increase by more than 12% year-on-year. However, industry concerns about the PC market and storage dynamics in the second half of the year still make investors cautious. As the second-quarter earnings season for the U.S. stock market reaches its climax, many major companies, including 77 S&P 500 index constituent stocks, will announce their results this week. After the weakening of the semiconductor sector and geopolitical tensions dragged down the market in the previous week, the market is in urgent need of corporate performance to provide support; about 88% of companies that have announced financial reports have exceeded analyst expectations, and the overall performance remains solid. Alphabet and Tesla will release earnings reports after the bell on Wednesday. The market focuses on Alphabet's competitive progress on the Gemini model and cloud business performance. Analysts expect its revenue and profit growth to exceed 20%. Tesla needs to balance its delivery volume and autonomous driving production capacity expectations. The market predicts that its second-quarter profit growth will reach 25% year-on-year. In addition to the two giants, traditional technology giant IBM also announced its results after the market closed on Wednesday, after its stock price fluctuated violently due to disappointing preliminary data. This complete financial report will reveal the true health of its software and services business. Chip giant Intel is scheduled to debut after the market closes on Thursday. The market expects its revenue to grow by more than 12% year-on-year. However, industry concerns about the PC market and storage dynamics in the second half of the year still make investors cautious. Traditional industries are also full of highlights. General Motors will make its debut before the market opens on Tuesday. With the support of stable performance on the consumer side, the market expects its net profit to grow by more than 25%. Exchange giant Chicago Mercantile Exchange Group announced its financial report before the market opened on Wednesday. Although the market has recently been concerned about competition in new contracts, its strong clearing business defense line amid macro uncertainty is still favored by many institutions.