For Microsoft, analysts are expecting another strong quarter on the back of AI-driven revenue. In particular, its cloud service Azure is going to once again carry revenue percentages amid benefiting from the AI boom.
For Meta, it's also all about AI and the most important thing to watch in that regard is capital expenditure (capex). The thing to note about Meta is that everyone sees it as benefiting from AI-driven analytics to produce stronger ads revenue. In that regard, it has to severely outperform in terms of ads revenue in order to mask any continued build up in capex.
While surging capex numbers may often times be scrutinised and viewed negatively, best remember that in the current AI landscape that firms have to step up spending or risk getting left behind. That's the name of the game right now. So, Meta can get away with that so long as it continues to put up strong revenue numbers - just as we saw Alphabet did last week.
This article was written by Justin Low at investinglive.com.Hence then, the article about big tech earnings in focus after the close today was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Big tech earnings in focus after the close today )
Also on site :
- ‘The Princess Bride’ Star Cary Elwes Shares Tribute to Rob Reiner: ‘From That Very First Meeting I Fell In Love With Him’
- A Shockingly Recent Year Just Cracked the Top 5 of Rock's Most Legendary Years
- SFM Announcement: Kessler Topaz Meltzer & Check, LLP Encourages Sprouts Farmers Market, Inc. (SFM) Investors to Contact the Firm About Securities Fraud Class Action Lawsuit