Tech Earnings to Watch: Apple, Alphabet, Meta, Spotify

The video discusses the challenges faced by the chip industry, including inventory backlogs and profit warnings from companies like Samsung. It also covers the tech sector's earnings outlook, highlighting the impact of job cuts and the mixed sentiment among investors. The narrative suggests that while short-term pain is evident, job cuts may lead to long-term growth opportunities post-recession.

What was the industry's incorrect assumption about memory chips a year ago?

• That demand would decrease significantly

• That production costs would drop

• That boom-bust cycles were over

• That prices would remain stable

Which companies are expected to report during the Mega Cap tech week?

• Microsoft, Intel, and IBM

• Alphabet, Amazon, and Apple

• Samsung, Sony, and LG

• Tesla, SpaceX, and Blue Origin

What is the expected drop in EPS for the tech industry broadly?

• 5%

• 8%

• 15%

• 12%

How did Microsoft contribute to the industry's outlook?

• By giving a weak outlook

• By increasing its workforce

• By providing a strong earnings forecast

• By announcing a major acquisition

What is one positive perspective on the current job cuts in the tech industry?

• They will lead to immediate profit increases

• They boost long-term earnings growth potential

• They will result in higher employee satisfaction

• They are unnecessary and harmful