Analyzing Tech Giants: Wall Street Prepares for Earnings Reports from Magnificent Seven

ICARO Media Group
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26/10/2024 17h40

**Wall Street Awaits Earnings Reports from Big Tech's Magnificent Seven**

In a much-anticipated segment of "Catalysts," hosts Seana Smith and Madison Mills convened a distinguished panel of Wall Street analysts to discuss their projections for the upcoming earnings reports from the Magnificent Seven. This high-profile group of tech giants is set to reveal their financial performance in the coming weeks, with Tesla leading the charge by reporting its earnings earlier this week.

Nancy Tengler, CEO and chief investment officer at Laffer Tengler Investments, highlighted the main themes that will capture tech investors' attention during these earnings announcements and calls. Tengler specifically noted what to anticipate from Microsoft and how it will influence investor sentiment.

Providing an expert take on the remaining members, Mark Mahaney from Evercore ISI delved into the prospects for Alphabet, Amazon, and Meta Platforms. He elaborated on each company's unique AI strategies and how these initiatives might impact their future performance.

Goldman Sachs Managing Director Toshiya Hari shared his perspective on the growing demand for Nvidia's GPUs. With Nvidia set to report last among the Magnificent Seven in late November, Hari discussed the intense competition in the AI domain among major cloud service providers, often referred to as hyperscalers.

The release schedule for these pivotal earnings reports is as follows: Alphabet on Tuesday, October 29; Meta Platforms and Microsoft on Wednesday, October 30; Amazon and Apple on Thursday, October 31; and finally, Nvidia on Wednesday, November 20.

For further expert insights and detailed analysis on market movements, tune into future episodes of "Catalysts."

The views expressed in this article do not reflect the opinion of ICARO, or any of its affiliates.

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