Name: Is MSFT the Canary in the Market? Just Say 'AI'
Uploaded: 2023-07-31T20:42:03+00:00
Duration: 25 min 52 s
Description: With Apple Inc (NASDAQ: AAPL) and Amazon.com Inc (NASDAQ: AMZN) set to announce earnings this week, is there any indication the market is overheating? Looking at Microsoft Corp (NASDAQ: MSFT) earnings

2 years ago

With Apple Inc (NASDAQ: AAPL) and Amazon.com Inc (NASDAQ: AMZN) set to announce earnings this week, is there any indication the market is overheating? Looking at Microsoft Corp (NASDAQ: MSFT) earnings revisions, it appears to be so. Following their earnings report last week, MSFT has seen 10% negative EPS revisions for current and next year's earnings. That's a pretty big adjustment and MSFT is down nearly 10% from highs. Maybe they didn't say AI enough? (AFRM, FSLR, UBER, TPX, ETD, ARKK, X, FUBO)

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