智通财经网·2025-08-04 08:16Core Viewpoint - Wall Street is closely monitoring the earnings reports of major tech giants, with most companies meeting or exceeding expectations despite some market volatility and concerns over economic policies [1][3] Group 1: Earnings Performance - Alphabet reported strong sales growth driven by its AI business, setting a positive tone for the earnings season [1] - Apple achieved its strongest revenue growth in over three years, while Meta's stock surged to a record high due to better-than-expected earnings and aggressive AI investment plans [1] - Microsoft’s cloud business, driven by AI demand, led to a market capitalization exceeding $4 trillion, marking it as the second company to reach this milestone [1] Group 2: Market Trends and Valuation - The Nasdaq 100 index fell by 2.2% last week, but it has risen over 30% since early April, indicating strong underlying performance despite recent declines [3] - 96% of companies in the S&P 500 tech sector reported profits above expectations, and 93% met revenue targets, highlighting robust fundamentals [3] - The earnings growth forecast for the "Big Seven" tech giants has been revised upward from 21.4% to 24.2%, with revenue growth expectations increasing from 11.5% to 13.4% [3][4] Group 3: Future Outlook - Despite a slowdown in growth compared to last year, the tech sector continues to show significant advantages over the broader market, with expected profit growth of 8.9% and revenue growth of 5.5% by 2025 [4] - Investors are closely watching Nvidia, a key player in the AI chip market, with its earnings report due on August 27 [4] - Major tech companies have reaffirmed their commitment to AI investments, which is expected to support Nvidia's revenue significantly [4]