Zyski Big Tech I kwartał 2023

PARAGRAPH 1 --- What happened: Q1 2023 earnings from Big Tech companies like Alphabet, Amazon, and Nvidia revealed significant income growth, largely driven by unsustainable sources. Alphabet's earnings, due later today, could be a turning point for tech investors, deciding between sticking with the "Magnificent Seven" or buying into semiconductor stocks.

PARAGRAPH 2 --- Market impact: The tech sector's reliance on unsustainable income growth makes the S&P 500 appear less expensive. Meta's stock price is weighed down by its massive capital expenditure budget, while investors remain torn about huge capex commitments for the AI build-out, affecting companies like Intel and IBM. The tech sector's performance could drive broader market movements.

PARAGRAPH 3 --- What to watch next: On May 2, Alphabet reports earnings, which could influence investor sentiment towards tech stocks. On May 3, Intel reports, providing crucial updates on AI demand. Additionally, keep an eye on the S&P 500 index level, as a continued decline could signal a broader market correction.