Tech Titans in Focus: Earnings Season of the "Magnificent Seven" in Full Swing

Alphabet has exceeded expectations with its recent quarterly figures, boosting confidence in the renowned "Magnificent Seven" group. The upcoming reports from Microsoft, Meta Platforms, Amazon, and Apple this week also add to the anticipation. Christian Dery, Head of Macro Strategy at Capital Fund Management, along with Market Domination hosts Julie Hyman and Josh Lipton, explores the impact of these tech giants on the broader market. Dery explains that due to the enormous size of these companies, price fluctuations ranging from two to 400 billion US dollars can occur, with particular emphasis on the role of Nvidia and its influence on the S&P 500. However, the chip manufacturer will not present its quarterly figures until November 20. Amidst the Magnificent Seven's earnings season, investors' focus is likely to be on investments in artificial intelligence infrastructure. These multi-billion dollar investments by big tech companies are taking place despite the still unclear monetization possibilities of AI. Dery emphasizes that companies of this magnitude cannot afford delays, even if the decisive use case for AI has not yet been found. The market is showing increasing interest in capital expenditures and their projections.