Tech earnings roundup – did the ‘Magnificent Seven’ live up to the hype?

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Big tech has had an astonishing time of it recently. How did the ‘Magnificent Seven’ do and what might be next for investors biggest sector?

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Published on 8 February 2024

It was correct at the time of publishing. Our views and any references to tax, investment and pension rules may have changed since then.

Big tech has had an astonishing time of it recently. Excitement around artificial intelligence (AI) has grown and that’s increased the pressure when these companies report results.

The market was hit by a wave of tech earnings last week, and it looks like these huge names are still carrying the market on their backs. But what did we learn from the big names this earnings season about where could they go from here, and what should investors look out for?

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