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Magnificent 7 earnings: What to expect from Big Tech

DeFi Daily News by DeFi Daily News
October 25, 2024
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On today’s special edition of Catalysts, hosts Seana Smith and Madison Mills speak to a panel of Wall Street analysts and experts on their expectations on Magnificent Seven earnings due out next week. Tesla (TSLA) was the first Big Tech giant to report earnings this weeks. Laffer Tengler Investments CEO and chief investment officer Nancy Tengler speaks on the biggest themes within the Magnificent Seven that tech investors will be watching for from these upcoming earnings results and earnings calls, while eyeing what to expect out of Microsoft (MSFT). Evercore ISI senior managing director and head of internet research Mark Mahaney provides expert insights into his calls around Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta Platforms (META), and the companies’ respective AI strategies. Data out from IDC Research found Apple (AAPL) to have climbed back to a number two spot among the top five smartphone brands in China’s consumer market. IDC research director Ramon T. Llamas joins the program to discuss how he is paying attention to the influence Apple’s iPhone 16 launch has had as consumers await the release of Apple Intelligence software. Nvidia will be the final Magnificent Seven member to report earnings in late November. Goldman Sachs Managing Director Toshiya Hari weighs in on the demand for the chip giant’s GPUs in the tightening AI race between hyperscalers. The timeline for the remaining Mag 7 earnings is as follows: Alphabet — Tuesday, October 29 Meta Platforms and Microsoft — Wednesday, October 30 Amazon and Apple — Thursday, October 31 Nvidia — Wednesday, November 27 To watch more expert insights and analysis on the latest market action, check out more Catalysts here.

About Yahoo Finance:

Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.

– Get the latest news and data at finance.yahoo.com

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Tags: BigBondsbusinessCurrenciesEarningsEquitiesexpectFXInvestingInvestmentMagnificentMarketMarketsMoneyNewsNYSEPersonal FinancePoliticsSavingsStock marketstocksTechYahoo FinanceYahoo FInance Premium
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