AI stocks draw analyst attention before earnings
Research houses on Wall Street expect major technology companies such as Microsoft, Alphabet, and Meta to continue achieving strong profit growth during the second-quarter earnings season, supported by ongoing spending on cloud infrastructure and artificial intelligence. Morgan Stanley predicts that Microsoft's stock price could reach $600 ahead of its earnings announcement on July 29, driven by continued growth in Azure platform and AI services. Meanwhile, Alphabet aims to increase Google Cloud revenue by 82% annually despite rising capital expenditures. As for Meta, Mezhu forecasts growth in advertising revenue and benefits from investments in AI infrastructure. Citi views the decline in semiconductor stocks as an opportunity to buy, with demand for data centers remaining strong. Other companies like Datadog and their recommendations have been adjusted due to their higher valuations, with some other stocks favored ahead of the second-quarter results.
تنويه: هذا ملخص تم إنشاؤه بواسطة الذكاء الاصطناعي
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