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U.S. stocks ended mixed on Friday, with the Nasdaq ending in the red, triggered by a tech selloff on growing concerns over the massive spending on AI, as investors awaited quarterly results from the next batch of megacap tech companies.
Salesforce will release its second-quarter earnings soon, and analysts anticipate a single-digit bottom-line growth.
NVIDIA is expected to announce its second-quarter earnings in the coming months, and Wall Street forecasts a triple-digit increase in its bottom line.
Analog Devices will release its third-quarter earnings soon, and analysts anticipate a double-digit bottom-line growth.
Cisco Systems is set to post its fourth-quarter results soon, and analysts predict a double-digit growth in the company’s bottom-line figure.
Coherent is scheduled to post its fourth-quarter results in August, and analysts predict a double-digit surge in the company’s bottom-line figure.
Tech stocks were higher Tuesday afternoon, with the State Street Technology Select Sector SPDR ETF (
Motorola Solutions is expected to announce its second-quarter results soon, and analysts predict a single-digit rise in the company’s bottom-line figure.
Gen Digital is set to report Q1 earnings next month, with analysts expecting double-digit EPS growth.
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Wall Street closed sharply lower on Friday, pulled down by tech and discretionary stocks.
Technology stocks were advancing premarket Monday, with the State Street Technology Select Sector SP
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