Earnings season is formally right here, of us!
Microsoft and Alphabet will report their third-quarter monetary outcomes after the bell at the moment, and Meta and Amazon will report later this week. And we are able to’t wait to seek out out if these firms will report a cloth enchancment from their investments in AI-related computing duties and merchandise.
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We requested the same query earlier than Q2 2023 outcomes got here out, and located that whereas the prices associated to AI work have been piling up, the ensuing income was extra a reality of the long run than the current. Will we see related themes this time as properly?
You see, there’s an enormous distinction between clients being excited a few new know-how and that tech really bringing in gobs of income. We’re hoping to learn how rapidly a few of the largest and richest tech firms are capable of convert this market curiosity round AI to income.
Large tech’s potential to promote AI-powered instruments and companies will inform us fairly clearly simply how prepared the tech-buying market is to spend on new software program. For startups, then, a strong end result from Microsoft and Alphabet on the AI entrance could be nice information. Alternatively, one more quarter of huge tech firms spending closely on infrastructure paired with discussions of future income could be much less bullish.
