Big Tech Earnings Season Kicks Off Amidst Trump's Inauguration
Earnings Insights:
* Microsoft (MSFT) anticipated to showcase enhanced AI consumption and expenditure.
* Meta (META) and Google (GOOG) to highlight AI revenue and investment.
* Amazon (AMZN) and Google surpass expectations in cloud and overall margins.
Trump's Impact:
* Tariffs and export controls could impact companies like Apple (AAPL).
* Potential antitrust deregulation and M&A revival for tech giants.
* Fate of CHIPS Act and its funding for semiconductor manufacturing remains uncertain.
TikTok's Future:
* Trump's support for TikTok could benefit Meta and Google in the event of a ban.
* Instagram and YouTube stand to gain from TikTok's potential demise.
Market Performance:
* Microsoft shares underperform the S&P 500 in the past year.
* Amazon, Google, and Meta have experienced significant growth.
Investor Expectations:
* Clarity on Trump administration's impact on the tech industry.
* Details on AI monetization strategies and capital expenditures.
* Updated outlook on TikTok's future and its implications for Meta and Google.