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Investors Have Been Giving Tech Stocks a Hard Time Lately, Despite Strong Earnings
Tech heavyweights Microsoft, Meta, Apple and Amazon are among the companies set to report results this weekCredit: Angela Weiss / AFP / Getty ImagesKey TakeawaysInvestors haven’t been rewarding tech companies’ stocks for strong results this earnings season, according to a report from Bank of America.Worries about an AI bubble and the sustainability of spending have weighed on stocks in the sector lately.Several Wall Street experts have said they expect sentiment to shift back in favor of the AI trade, given fundamental growth.Tech companies are driving blowout results this earnings season…
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