Sure it will party
Will tech stocks party next week?
@pekss:Next week is a busy one, as the tech behemoths $Apple(AAPL)$ , $Microsoft(MSFT)$ , $Alphabet(GOOG)$ , $Amazon.com(AMZN)$ and $Meta Platforms, Inc.(META)$ have scheduled to post their fourth quarter earnings results. With Microsoft challenging Apple for the throne of largest market capitalization, and in fact the software maker of Windows line of operating systems and productivity applications has in fact been momentarily overthrowing Apple, all eyes will be the duo's earnings amidst global economic slowdown, especially in China that is an all-important market for both. With artificial intelligence gaining traction and becoming ubiquitous, they have since become the latest growth engine for the big techs. Microsoft has been the forerunner in launching generative AI for its suite of productivity software and cloud platform, and is expected to be among the major beneficiaries from the explosive AI demands. Microsoft has crossed $3 trillion in market cap, the second company after Apple to do so. Hopefully, Microsoft stock price will continue to march forward with the growing prevalence of AI and as its investments in AI applications bear more fruits. Apple has lagged behind its peers among the tech giants in the recent rally after a number of setbacks. Firstly, use of iPhones by officials is reportedly being cracked down by the Chinese government, while Apple's latest flagship iPhone 15 is losing edge to Huawei's Mate 60 as the Chinese smartphone maker is staging a resurgence in the Chinese market with its latest release. Last but not the least, Apple remains embroiled in a high-profile intellectual property lawsuit with medical tech firm Masimo that has threatened to shut off a number of new features planned for Apple Watch. Nevertheless, I believe in the resilience of the iPhone maker that has managed to secure top spot in China's smartphone market for the first time in history despite rising competition. With its loyal base of customers, I believe that Apple will be able to make a comeback over time with new product launches. Share prices of Alphabet, Amazon and Meta Platforms have been regaining their past glories along with the buoyant market that is driven by the big caps like the trio. Continual robustness of the US economy coupled with expectation of a Fed pivot this year should boost their valuations as the tech titans continue to grow from strength to strength. @TigerWire @MillionaireTiger @VideoLounge @CaptainTiger @TigerEvents @TigerStars
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