{"id":1918572,"date":"2023-04-24T11:55:49","date_gmt":"2023-04-24T15:55:49","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tech-investors-focus-on-profits-after-layoffs-companies-to-highlight-ai\/"},"modified":"2023-04-24T11:57:41","modified_gmt":"2023-04-24T15:57:41","slug":"tech-investors-focus-on-profits-after-layoffs-companies-to-highlight-ai","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/tech-investors-focus-on-profits-after-layoffs-companies-to-highlight-ai\/","title":{"rendered":"Tech investors are honing in on profits following recent layoffs, while companies are gearing up to showcase their advancements in AI. Get ready for some exciting developments in the tech industry!"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">62<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftech-investors-focus-on-profits-after-layoffs-companies-to-highlight-ai%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1918572&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div class=\"entry-content\">\n<p>Get ready for some exciting news from the biggest names in tech! Microsoft Corp, Google parent Alphabet Inc, Instagram owner Meta Platforms Inc, and Amazon.com Inc are all set to report their quarterly results this week. As investors eagerly await the outcome, the companies are expected to highlight how artificial intelligence will be their next growth driver.<\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\" style=\"min-width: 320px; min-height: 50px;  text-align: center;\">  \t<script>  \t\tgoogletag.cmd.push(function() { googletag.display('div-gpt-ad-1663871513696-art-1'); });  \t<\/script>  <\/div>\n<\/p>\n<p>Together, these tech giants command more than $5 trillion in market capitalization, which is over 14% of the value of the S&#038;P 500 index. Analysts expect profits to rise 4.5%, on average, from the immediately preceding quarter, led by an 11.8% jump in Meta\u2019s bottom line, according to Refinitiv. From a year earlier, profit is expected to slump nearly 16%, on average, with Microsoft expected to perform the least poorly with a 0.5% slip.<\/p>\n<p>Despite the pandemic-led hiring boom, these four companies announced between November and March that they would slash 70,000 jobs in a rapidly weakening economy. Amazon.com Inc, which reported a big drop in fourth-quarter profit due to valuation losses because of its investment in money-losing EV maker Rivian Automotive, is set to post a first-quarter profit that is expected to increase eight times, when compared with the immediately previous quarter.<\/p>\n<p>According to research firm YipitData, Amazon\u2019s North America sales are set to beat Wall Street estimates in the first quarter.<\/p>\n<\/p>\n<p>The companies are also expected to give updates on their AI efforts, a trend noticeable since last quarter when chief executives packed earnings calls with mentions of the technology.<\/p>\n<p>\u201cIf last quarter\u2019s message from Big Tech was all about efficiency and bottom line improvement, this quarter\u2019s message is likely to be more forward-looking around the massive potential of artificial intelligence,\u201d said Andrew Lipsman, analyst at Insider Intelligence.<\/p>\n<p>Microsoft has integrated OpenAI\u2019s ChatGPT technology into its search engine Bing, pitting it against market leader Google. Google has begun the public release of its chatbot Bard. Amazon\u2019s cloud division AWS, the world\u2019s largest, has released a suite of technologies aimed at helping other companies develop their own chatbots backed by AI, and Meta has published an AI model that can pick out individual objects from within an image.<\/p>\n<p>\u201cIt\u2019s sort of a double-edged sword because there is also pressure for these companies to improve cash flow in an economy that is decelerating,\u201d said Itau BBA analyst Thiago Kapulskis. \u201cThere are expectations that companies could create or do even more with AI \u2026 every tech investor is expecting those companies to be in the frontier.\u201d<\/p>\n<p>The cloud businesses of Amazon, Google, and Microsoft were also more stable than expected, analysts said.<\/p>\n<p>Microsoft and Alphabet stocks have both risen 19% so far this year. Apple and Amazon are up 28% and 23%, respectively. Meta shares have gained nearly 77%.<\/p>\n<\/p>\n<p>The largest company in the world, Apple, which is scheduled to report earnings on May 4, is dealing with slowing demand for iPhones and MacBooks as consumers curb spending.<\/p>\n<\/p>\n<p> (Reporting by Nivedita Balu and Tiyashi Datta in Bengaluru; Editing by Sayantani Ghosh and Shounak Dasgupta)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tech-investors-focus-on\/attachment\/file-photo-smartphone-is-seen-in-front-of-microsoft-logo\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tech-investors-focus-on\/attachment\/file-photo-a-3d-printed-google-logo-is-seen-in-this-2\/\"><\/a><\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/tech-investors-focus-on\/attachment\/file-photo-meta-platforms-incs-logo-is-seen-on-a\/\"><\/a><\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Michael Seifert<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Chad Prather<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Hogan Gidley<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>with Rep. Andy Biggs<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Exciting news for cryptocurrency enthusiasts! Standard Chartered predicts that top cryptocurrency bitcoin could reach $100,000 by the end of 2024.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Russian lender Sberbank has released technology called GigaChat as a rival to ChatGPT, initially in an effort to compete with Microsoft.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>Japanese electric motor maker Nidec Corp has posted its first quarterly operating loss in a decade, hit by the global chip shortage.<\/p>\n<\/p><\/div>\n<div class=\"entry-content\">\n<p>The United States has asked South Korea to urge its chipmakers not to fill any market gap in China if Beijing continues to use chips for military purposes.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Nivedita Balu and Tiyashi Datta (Reuters) \u2013 A quarter into record layoffs, investors in U.S. tech giants will scrutinize if the cost cuts boosted profits to their satisfaction, while the companies emphasize how artificial intelligence will be their next growth driver. Microsoft Corp, Google parent Alphabet Inc, Instagram owner Meta Platforms Inc and Amazon.com<\/p>\n","protected":false},"author":66,"featured_media":1918573,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[542],"tags":[14505,25068,6997,21695,24989,17769,25067,6984,5311,7970,8881,5066,17573,4989],"class_list":["post-1918572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-oann","tag-ai","tag-advancements","tag-companies","tag-developments","tag-exciting","tag-gearing","tag-honing","tag-industry","tag-investors","tag-layoffs","tag-profits","tag-ready","tag-showcase","tag-tech"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1918572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1918572"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1918572\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1918573"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1918572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1918572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1918572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}