Expectations
The market might have set the bar too high for the Big Tech. Both Microsoft and Google’s results look good to me, yet Google dropped more than 5% while Microsoft dipped a little in after hours trading.
It could also be a case where investors are taking profits off the table in view of an overheated market.
This is a sneak preview of what may happen when Apple, Meta and Amazon report their earnings on Thurs
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OceansWave : Here is my own view - the AI bubble has burst and not lived up to investors expectations. Noticed that all those claiming AI in the products having a big dip in post market hours. Zscaler and Crowdstrike did dropped by a few dollars, Crowdstrike I noticed up to 4 dollars. Their nextgen AV touted to have strong AI capabilities. Look at Apple again, Apple don’t mention much about AI at all and they were not affected much…