{"id":36398,"date":"2023-10-26T20:16:39","date_gmt":"2023-10-26T20:16:39","guid":{"rendered":"https:\/\/prosfunds.com\/markets\/stocks\/big-tech-anticipates-strong-q3-results-despite-teslas-stumble\/"},"modified":"2023-10-26T20:16:40","modified_gmt":"2023-10-26T20:16:40","slug":"big-tech-anticipates-strong-q3-results-despite-teslas-stumble","status":"publish","type":"post","link":"https:\/\/prosfunds.com\/?p=36398","title":{"rendered":"Big Tech anticipates strong Q3 results despite Tesla’s stumble"},"content":{"rendered":"
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\u00a9 Reuters. <\/span>
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Despite a disappointing start to the Nasdaq’s “Magnificent 7” earnings season with Tesla (NASDAQ:)’s underwhelming Q3 results, other tech giants including Microsoft (NASDAQ:), Alphabet (NASDAQ:), Meta Platforms (NASDAQ:), Amazon (NASDAQ:), Apple (NASDAQ:), and Nvidia (NASDAQ:) are projected to report robust results. This optimism persists amidst rising macroeconomic concerns such as increasing bond yields, inflation fears, and the impact of the Israel-Hamas conflict on oil prices.<\/p>\n

Following Tesla’s announcement, Microsoft and Alphabet are next in line to present their earnings. Meta Platforms and Amazon will follow suit, with Apple and Nvidia set to report in November. <\/p>\n

Netflix (NASDAQ:)’s recent success is seen as an indication of continued consumer spending on streaming services. This trend bodes well for Amazon’s Prime Video, YouTube parent company Alphabet, and Apple. Buzzworthy programs like Ted Lasso have been instrumental in keeping viewers engaged.<\/p>\n

Amazon is also anticipated to have a strong holiday season. Similarly, Microsoft is expected to benefit from Xbox sales, while Apple is projected to see a boost from iPhone 15 sales. The ongoing AI boom is likely to fuel growth for Meta Platforms with its Instagram and Reels platforms, and for Nvidia.<\/p>\n

Within this group of tech giants, Amazon and Alphabet share the most similarities with Tesla. Amazon holds a stake in Rivian (NASDAQ:) while Alphabet owns Waymo. For investors looking for broader Big Tech exposure, funds like MicroSectors FANG+ ETN are recommended.<\/p>\n

According to research firm FactSet, Nvidia’s earnings are predicted to significantly contribute to Q3 profit growth for the entire . The Invesco S&P 500 Top 50 ETF has Berkshire Hathaway (NYSE:) and Eli Lilly (NYSE:) among its top 10 holdings.<\/p>\n

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.<\/em><\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a9 Reuters. Despite a disappointing start to the Nasdaq’s “Magnificent 7” earnings season with Tesla (NASDAQ:)’s underwhelming Q3 results, other tech giants including Microsoft (NASDAQ:), Alphabet (NASDAQ:), Meta Platforms (NASDAQ:), Amazon (NASDAQ:), Apple (NASDAQ:), and Nvidia (NASDAQ:) are projected to report robust results. This optimism persists amidst rising macroeconomic concerns such as increasing bond yields, […]<\/p>\n","protected":false},"author":1,"featured_media":11568,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[37],"tags":[],"class_list":{"0":"post-36398","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stocks"},"yoast_head":"\nBig Tech anticipates strong Q3 results despite Tesla's stumble | Prosfunds<\/title>\n<meta name=\"description\" content=\"\u00a9 Reuters. 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