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Big Tech Earnings: Tesla & Alphabet Face AI, AI Scrutiny
20 Jul
Summary
- Tesla is expected to report double-digit profit and revenue growth.
- Alphabet's earnings will reveal AI's impact on the tech industry.
- Investors will monitor Alphabet's cloud and chips for signs of hyperscaler shifts.
The upcoming week sees a surge in Big Tech earnings reports, notably featuring Tesla and Alphabet after Wednesday's closing bell. Tesla is projected to announce significant year-over-year growth in both profit and revenue, building on strong second-quarter delivery figures. Investors will keenly observe discussions regarding the cybercab's production progress and the introduction of the three-row Model Y.
Alphabet's earnings will offer a critical perspective on artificial intelligence's evolving role within the tech landscape. Analysts will scrutinize its cloud and semiconductor businesses for indications that major cloud providers are diverting spending from other hardware firms. A potential slowdown in capital expenditures could signal concern for the market. Other key companies releasing results include Intel, Texas Instruments, GM, American Express, and Verizon.
