Kết quả kinh doanh của các công ty công nghệ lớn của Mỹ sẽ kiểm tra sự phục hồi của thị trường

The Huoxing Finance report states that on October 20, U.S. tech stocks rebounded on Monday after a heavy selloff, but whether the market can truly stabilize still depends on whether this week’s earnings reports from major tech companies can demonstrate that the profit outlook for the AI investment boom remains solid. The earnings results from major tech firms such as Meta Platforms and Tesla this week will serve as a key test, and SpaceX also plans to release its earnings after the market closes on Tuesday. Ajay Rajadhyaksha, Chairman of Global Research at Barclays, said that this week’s corporate earnings from tech companies are critical. Given that recent stock price movements remain fragile, Barclays has adjusted its stance on risk assets to neutral. Katie Stockton, founder of Fairlead Strategies, also noted that the S&P 500 and Nasdaq indices need to hold key support levels this week; otherwise, the market may further confirm a breakdown. However, she believes that the widespread short-term oversold condition is temporarily helping to support the market. Ron Albarah, Chief Investment Officer at LNW, said that companies viewed as beneficiaries of AI investment must prove that actual earnings can meet the growth expectations already priced into their stock valuations. He believes the current market risk may not be a valuation bubble like during the dot-com era, but rather a bubble in earnings expectations themselves. Samir Samana, Head of Global Equities and Real Assets at Wells Fargo Investment Institute, views the recent correction in AI-related trading as a “reality check” rather than a complete collapse of the entire rally. However, he still expects related stocks to remain under pressure over the coming days and possibly weeks. Samana noted that Wells Fargo previously downgraded its rating on the tech sector due to overly optimistic market expectations. Although recent selling has absorbed some of this optimism, the correction may not yet be over and could persist until around the U.S. midterm elections. He also pointed out that the politicization of AI and data center construction issues may continue to affect market sentiment.