Three of the biggest and most important technology companies in the world are expected to show healthy growth when they report earnings this week.
Normally that would be considered a catalyst to stabilize the wobbly stock market. But for Wall Street, that all depends on two data points: How much money they’re spending on artificial intelligence and when it will start to pay off in a meaningful way. And based on the violent market reaction to Meta Platforms Inc.’s rising capital expenditures last week, the response to any disappointment likely won’t be forgiving.
