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Big Tech earnings and capex focus lift tech stocks ahead of key reports
Investors are watching capital spending after Alphabet's capex outlook spooked markets amid concerns about free cash flow tied to AI spending.
Tech stocks rose Monday morning as investors weighed tentative optimism ahead of a heavy slate of Big Tech earnings this week, with results from Microsoft, Meta Platforms, Apple, and Amazon set to draw attention.
The timing also spotlights chipmakers, with reports from SK Hynix and Qualcomm adding to the mix, while market participants look toward capital expenditures numbers as Alphabet's capex guidance previously spooked investors.
According to Yahoo Finance, the heightened focus on AI spending comes amid growing concerns about free cash flow, after the surge in spending on data and compute resources.
The article also cites a separate development, saying Nvidia is reportedly in talks with OpenAI to provide $250 billion in financing for a data center project in Ohio, a storyline that is raising questions about circular financing in the AI industry.