Many tech firms have frozen hiring, reduce prices, and laid off staff over the previous a number of months which is uncommon for these giants.
Inflation at a 40-year excessive push spending in the direction of requirements and away from luxurious gadgets.
Tech companies could also be pressured to prioritize their core companies and pull again on riskier spending.
These main tech firms have a major influence on the financial system, and the upcoming week’s earnings stories ought to show to be attention-grabbing for the market and their future.
5 massive techs Q3 earnings dates: GOOGL 10/25/22 after market shut; MSFT 10/25/22 after market shut; META 10/26/22 after market shut; AMZN 10/27/22 after market shut; AAPL 10/27/22 after market shut.
https://www.sofi.com/article/market-news/earning-season-will-big-tech-short-circuit/ll
