Did investing in the AI boom pay off for Big Tech?

As four of the 'Magnificent Seven' tech giants roll out their third-quarter earnings, investors look to assess: How is the AI boom really going? Tech companies take centre stage in earning season this week, with quarterly results coming out for Tesla, Alphabet, Meta, and Microsoft. These firms have all prioritised artificial intelligence and cloud investment amid shifting tech trends, and recent earnings have shown that the AI boom remains a defining force in the industry. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said that as a result, this week is a "key moment for big tech and investors will be highly sensitive to the huge sums being poured into AI developments, keen to see the spend being justified". Get more of City AM 👇 🌐 http://www.cityam.com X(formerly Twitter): http://twitter.com/CityAM Facebook: http://www.facebook.com/cityam Instagram: http://www.instagram.com/city_am LinkedIn: www.linkedin.com/company/cityam Produced by: Saskia Koopman, Joe Lee, Larissa Howie, Emmanuel Nwosu #news #ai #tech #technews #bigtech #apple #amazon #tesla #microsoft #meta #google