TechCheck Big tech earnings signal tariff resilience 5/2/25
11 snips
May 2, 2025 Apple and Amazon report strong earnings, showcasing their resilience to tariff challenges. Amazon’s CEO highlights skyrocketing AI demand, while Apple shifts some production to India and Vietnam. Despite the optimism, there are concerns about potential macroeconomic uncertainties impacting future quarters. Big tech seems stable now, but caution remains as rising costs and trade tensions could complicate things ahead.
AI Snips
Chapters
Transcript
Episode notes
Big Tech Resilience and Strength
- Big tech companies show resilience despite tariff threats due to scale, diversification, and strong balance sheets.
- The tech sector is not just holding steady but outperforming the broader market, signaling underlying strength.
AI Growth Amid Tariff Challenges
- Amazon's AI demand grows triple digits and Apple shifts production out of China to India and Vietnam to ease tariff impact.
- Despite initial shocks absorbed, firms warn of potential tougher quarters ahead from tariffs and rising costs.
Ad Spending and Cloud Growth
- Google and Meta reveal stable ad spending trends, giving confidence for increased capital expenditure.
- Microsoft shows accelerating cloud growth with strong forecasts, indicating continued market momentum.