Business
Tech Investors’ Earning Day Wish: No New Spending Sprees
Traders are gearing up for Wall Street’s “Super Bowl” Wednesday when tech giants Alphabet, Amazon, Meta and Microsoft will all share their latest quarterly results. Investors will have one eye on revenue growth and the other on the firms’ capital expenditures–the price tag for the firms’ massive artificial intelligence buildouts.
“Investors do not want capex getting revised higher, “ said Jed Ellerbroek, a portfolio manager at Argent Capital Management.
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