The logos of Google, Apple, Facebook, Amazon, and Microsoft displayed on a mobile phone and a laptop screen. Justin Tallis/AFP via Getty Images
Last week was considered the most important week of this earnings season, as five of the “Magnificent Seven”—Alphabet, Amazon, Meta, Microsoft, and Apple—reported their quarterly results. Although overall performance was solid, market reactions diverged as an AI-spending spree squeezed the free cash flow of some of these companies.
We had a problem loading this article. Please enable javascript or use a different browser. If the issue persists, please visit our help center.
Read Full Article: https://www.theepochtimes.com/business/big-tech-posts-strong-earnings-as-ai-spending-pressures-cash-flow-6020476/?utm_source=partner&utm_campaign=whatfinger
