Big Tech earnings test tech's big rotation: What to watch this week
This article from Yahoo Finance previews a busy week in markets, headlined by earnings from Alphabet and Tesla on Wednesday. It follows a week dominated by the resurgence of war in the Middle East and a sharp sell-off in semiconductor stocks, which erased over $3 trillion in market value since June 22. The S&P 500, Dow, and Nasdaq all posted weekly losses. The US-Iran conflict threatens the Strait of Hormuz ceasefire, pushing Brent crude above $90. Other key earnings include Intel, IBM, GE Vernova, Honeywell, and telecoms AT&T, T-Mobile, and Verizon. Analysts highlight that Big Tech must deliver measurable returns on massive AI-related capital expenditures, with top hyperscalers expected to spend $644 billion in 2026. The article also notes a relatively tame economic data calendar, with S&P Global index readings providing a broad economic assessment.
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