Strong ad sales, stable spending wind beneath Big Tech earnings

U.S. technology giants are likely to post their strongest quarterly revenue growth in at least a year as their legacy businesses stabilized, but investors looking for signs of a boost from artificial intelligence (AI) may be disappointed. Microsoft, Google-parent Alphabet, Facebook-parent Meta Platforms and Amazon are expected to have built on the recovery in their enterprise software and digital ads businesses as professional and consumer spending stayed resilient despite an uncertain global economy. The quartet's shares have rallied -- between Microsoft's 36 percent and Meta's 157 percent -- this year, boosting their combined market value to over $6 trillion and lifting the b...

Keep on reading: Strong ad sales, stable spending wind beneath Big Tech earnings

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