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Tech Giants' AI Earnings and Fed Rate Cut Expectations Shake ...
2024-07-28 23:55:08
Stocks
Economy
Finance

Tech Giants' AI Earnings and Fed Rate Cut Expectations Shake Market

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Investors brace for upcoming tech earnings, AI spending scrutinized post-Alphabet's results. Nasdaq 100 flirts with correction, awaiting pivotal tech earnings and Fed's stance.

PCE inflation data hints at Fed interest rate cut timing. Market volatility persists as Fed's potential rate cut looms, influenced by improving but lingering inflation concerns.

Tech stocks like Microsoft, Meta, Amazon, and Apple under scrutiny for AI integration progress. Dow Jones futures rise amidst tech earnings anticipation, Fed outlook, and sector performance divergence.

Expectations mount for Fed rate cut, potentially in September, amid rising business bankruptcies. Nvidia's stock rollercoaster highlights market unpredictability.

Related news on that topic:

Stock Market Today: Stocks end mixed as tech bounce falls short

Stocks ended mixed Thursday, with the Dow Jones Industrial Average finishing up 0.20%, while the S&P 500 and Nasdaq slipped. The sell-off in megacap tech stocks continued, dragging down the broader market. The Commerce Department reported a 2.8% increase in GDP last quarter, but expectations for Fed rate cuts remain. Bristol Myers Squibb and Colgate-Palmolive are expected to release quarterly updates. Nvidia shares extended their slump, and American Airlines slashed its profit forecast. Global stocks and oil prices slumped. The yen rose against the dollar. Futures contracts suggest a decline in the S&P 500 and Nasdaq. The VIX index, a measure of market volatility, rose significantly. Ford, IBM, and Southwest Airlines were among the stocks on the move. Overseas markets, including Europe's Stoxx 600 and Japan's Nikkei 225, also experienced declines. Earnings reports from tech giants and key economic data will be watched closely.

The AI Stocks Poised to Join the Trillion-Dollar Club

Alphabet and Nvidia are two AI growth stocks that have the potential to become trillion-dollar companies. Despite Alphabet's lower valuation compared to Microsoft, it is expected to grow earnings per share at a faster rate. If Alphabet meets these expectations, it could reach a $3 trillion valuation by 2025. Similarly, Nvidia's current valuation seems reasonable given its expected annual earnings growth. It could also become a trillion-dollar company by 2026. The Motley Fool's Stock Advisor service has had a strong track record of identifying stocks with high returns, including Nvidia. In addition to Alphabet and Nvidia, other companies like Microsoft, Amazon, and AMD are also making significant inroads in the AI industry. However, investors should be cautious as stocks like Nvidia have experienced corrections in the past. Overall, the AI revolution presents opportunities for investors to profit from the growth of these companies.

Read 24 more recent news on this topic

The press radar on this topic:

The Street
28. Juli 2024 um 00:47

GDP report jolts Fed soft-landing hopes TheStreet Daily Newsletter

Economy
Finance
Investors face upcoming tests, including PCE inflation data, the jobs report, and earnings from tech giants. While a full-blown 10% correction is unlikely, the market is looking for more, especially from AI-related plays, to justify current valuations.
The Street
29. Juli 2024 um 19:45

PCE inflation report cements timing of next Fed interest rate cut TheStreet Daily Newsletter

Economy
Finance
The Commerce Department's CPI report earlier this month showed a 3% annual inflation rate, down from 3.3%, aided by a 4% drop in gasoline prices.
The Street
30. Juli 2024 um 14:46

Fed meeting will light the path to lower rates TheStreet Daily Newsletter

Economy
Finance
Politics
The Federal Reserve is expected to cut rates, potentially in September, as inflation has improved but remains a concern, business bankruptcies have risen, and former Fed official Bill Dudley advocates immediate cuts to avoid a recession. Nvidia's stock has soared and then fallen, including a 10-for-1 split on June 7 and a 19.7% correction after June 20.
Yahoo Finance
28. Juli 2024 um 21:33

Dow Jones Futures: Huge AI Earnings, Fed Pivot Loom; Here's What To Do | Investor's Business Daily

Finance
Technology
Dow Jones futures, S&P 500, and Nasdaq futures to open Sunday; massive earnings week for tech giants Apple, Microsoft, Meta, Amazon; Fed expected to signal rate cuts; market rally diverged last week, with small caps rising; Nvidia, Google, Meta voice AI spending concerns; best buying opportunities in non-tech sectors; Nvidia, AMD, Apple, Microsoft, Meta, Amazon earnings key; Fed meeting on July 30-31 eyed for rate cut signals; ARK Innovation ETF, ARK Genomics ETF also in focus.
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