Big Tech earnings season kicks off Wednesday with Google (GOOG, GOOGL) and Tesla (TSLA) set to report after the bell. Intel (INTC) will follow on Thursday.
While Tesla saw solid quarterly delivers, analysts will be on the lookout for how much the company is spending on its Robotaxi, Optimus humanoid robot, and AI initiatives, which is expected to send free cash flow nose diving.
Intel’s stock has been riding the AI data center growth story to new highs, though it’s since come off those highs as traders rotated out of the semiconductor sector. But it could get another boost if the company announces any new customers for its foundry business.
Google stock has also benefited handsomely from the AI boom, though growth has moderated over the past few months. Investors will be looking for more information about the company’s spending plans as it continues to address computing capacity constraints.
On Thursday, AMD (AMD) will host its Advancing AI event in San Francisco, where it’s expected to announce updates to its product lines across its data center unit.