Big Tech earnings slam into a market in revolt over AI spending

Earnings from Microsoft and Meta Platforms are due on Wednesday, followed by Apple and Amazon on Thursday.

Earnings from Microsoft and Meta Platforms are due on Wednesday, followed by Apple and Amazon on Thursday.

ServiceNow (NYSE: NOW) continued to deliver excellent revenue growth when the software-as-a-service (SaaS) company reported its Q2 earnings; however, it once again wasn't enough to lift the beaten-down stock. There has been a narrative that AI will disrupt th…
(Editor’s note: Alphabet’s share moves were updated under Price Action.) Alphabet Inc. said demand for its artificial intelligence (AI) services continues to...

International Business Machines (IBM) CEO Arvind Krishna has spent the past 10 days apologizing. On July 14, he told shareholders his company had faltered. Eight days later, he opened the second-quarter earnings call by admitting that IBM fell short on execut…

The S&P 500 index has largely shrugged off the most notable headwinds of 2026. Conflict in the Middle East led to rising energy prices. There are still worries about the possible impact artificial intelligence (AI) will have on the labor market. Consumer conf…