Morning Bid: Clouds gather over 'Mag 7' earnings [Yahoo! Finance Canada]
BNP PARIBAS SPONS ADR (BNPQY)
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Source: Yahoo! Finance Canada
Mega-tech earnings remain in the spotlight on Thursday, particularly after the Bank of Japan's as-expected decision to hold policy steady failed to give the market any new trading cues. Apple and Amazon, two of the so-called "Magnificent 7", will report results to Wall Street on Thursday, picking up from Meta and Microsoft on Wednesday, and Alphabet the day before that. That'll leave AI darling Nvidia as the only one left to report, although its financial statement is still three weeks away. Tesla got things rolling on a high note last week, exciting investors with bold EV sales forecasts. Alphabet kept the momentum going by beating profit and revenue estimates on strength in YouTube ad sales and its cloud business. But the mood soured overnight, after Microsoft and Meta flagged ballooning costs from AI investments, making investors antsy about what Amazon will say on the topic. Alphabet had also noted on Tuesday that AI expenditures would stay high, but at that point in
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