Posted 2/1/2024, 6:07:38 PM
Investors Seek Proof of AI Payoff as Tech Giants' Earnings Loom
- Investors want proof that AI tools are increasing profits for tech giants before further investing
- Companies like Microsoft are starting to show some evidence of AI boosting revenues
- However, even companies beating expectations, like Microsoft, are seeing stocks pull back
- Tech stocks are currently "priced to perfection" so there is little room for error in earnings reports
- Investors are closely watching upcoming earnings from Apple, Amazon, and Meta for signs of AI's impact on bottom lines