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The article says that Big Tech earnings reports are repeatedly falling short, and the market logic of relying on profits to support tech stocks is beginning to weaken.
Intel is expected to October 29 release its earnings after the U.S. market closes Q3; reports compile market expectations and identify server CPU demand,Q4 guidance, and capacity-expansion spending as focal points.
Microsoft’s earnings exceeded expectations, revenue growth accelerated, and orders remained at elevated levels while maintaining positive cash flow.
Saxo Bank’s analysis states that Apple will November 2 release its earnings report after the U.S. stock market closes, with the options market expecting the stock price to move by approximately 4.3%, above the average move on the day after historical earnings reports.
Seagate said its quarterly revenue rose, while profitability reached a record high.