Tech's earnings bonanza this week shines spotlight on growing troubles at Tesla, Google
Publishing timestamp: 2024-04-23 11:00:50
Summary
Major tech companies like Tesla, Meta, Alphabet, and Microsoft are set to report earnings this week amidst concerns such as layoffs, protests, and product recalls. The tech-heavy Nasdaq Composite fell last week, leading to investor jitteriness. Companies are expected to highlight cost-cutting efforts and profitability on their earnings calls. Tesla faces declining sales and layoffs, Meta's AI assistant rollout faced controversy, Alphabet announced restructuring and layoffs, and Microsoft narrowly avoided an antitrust probe in Europe. Despite the challenges, the tech giants are expected to report revenue growth.
Sentiment: MIXED
Tickers: GOOG, META, NVDA, MSFT, TSLA, AAPL, GOOGL,
Keywords: meta platforms inc, elon musk, nvidia corp, satya nadella, alphabet inc, microsoft corp, artificial intelligence, apple inc, business news, generative ai, tesla inc, breaking news: technology, mark zuckerberg, technology,
Source: https://www.cnbc.com/2024/04/22/big-tech-keeps-prioritizing-ai-as-earnings-approach.html