With five of the Big Tech giants reporting this week, Jessica Inskip weighs in on what the numbers could mean for AI demand and the market rally.
Transcript:
Caroline Woods: In terms of tech earnings, we have five of the big 7 on deck this week. What are you expecting to hear? Could that potentially derail this rally?
Jessica Inskip: If it’s not all beaten raise it certainly could. It has the potential. It’s all about how the market digests those type of earnings. What I think is important one we have very good earnings thus far. We are beating consistently. I think we’re at 87% Last time I checked the mag five that are coming this week, I think it’s different now that they’re all around the same day, and a lot on a Fed bad day. Now the market’s going to do a lot of comparing. That’s going to be different from previous earnings cycles and that could change things. But ultimately it’s is the demand still there for AI. Is there revenue that’s being captured from those that we can actually see it. So to me the end game for AI is, of course targeted ads in a specific way. Google, for example, convinces us that Gmail and everything is free when in all reality, we get really good targeted ads, and artificial intelligence is a means to be more targeted. And I’m personally OK with that. Give me what I want, not what I don’t, what I need, nonetheless. So I do think that compare and contrast is going to be different, but what’s important is seeing the demand that’s there for artificial intelligence to still be consistent. That’s important.
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