Big Tech earnings outperform expectations, boosting market sentiment
Major tech firms including Apple, Google, Microsoft, and Amazon reported stronger-than-expected quarterly earnings this week, defying broader economic uncertainty. Investors had been cautious amid mixed signals from the economy, but the results provided reassurance, especially in AI and cloud services growth. Apple exceeded forecasts despite iPhone sales softening, and Google’s ad and cloud revenues surged. Microsoft saw continued growth in Azure, while Amazon posted strong retail and AWS performance.
Strong Big Tech earnings underline the sector’s resilience and its central role in driving market optimism, particularly through AI and cloud expansion.
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