Big tech earnings are in focus this week, with giants like Amazon (AMZN) and Microsoft (MSFT) set to report. Investors are keenly watching to see how AI...
) set to report. Investors are keenly watching to see how AI spending will impact company revenues. Neuberger Berman senior research Analyst Daniel Flax joins Market Domination to discuss his outlook.
Big spend in last week's report rattled Wall Street, Joining Us Now Daniel Flack, senior research analyst at New Burger Berman. The key if we think about what's happened with these companies is that, uh, they're generating tens in Amazon's case, over $100 billion of revenue in their cloud business.It will take time for it to generate revenue in newer areas like generative A I but But I do think Microsoft and Amazon and Google for that matter and their cloud businesses they're very well positioned.
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