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Big Tech’s earnings get ever bigger, and ever less useful
科技巨头的业绩越来越亮眼,却越来越无用

Meta, Alphabet and peers are growing smartly, but their value hinges on hard-to-answer questions about AI supremacy
Meta、Alphabet等科技巨头的增速亮眼,但它们的估值系于一个难以回答的问题:谁将赢得AI之战。

Nothing presents a middle finger to investors and stock analysts like four of the world’s biggest companies — arch-rivals, at that — reporting their earnings on the same day, within minutes of each other. Amazon, Microsoft, Meta Platforms and Alphabet did that on Wednesday. It’s not like they had bad news to bury: the foursome collectively reported earnings growth of 60 per cent compared with a year earlier.

要说对投资者和股票分析师最不友好的事,莫过于manbetx app苹果 四家最大的公司——还是彼此的主要竞争对手——在同一天相隔不到几分钟发布财报。亚马逊(Amazon)、微软(Microsoft)、Meta Platforms和Alphabet周三就这么做了。这并不是要掩盖坏消息:这四家公司合计报告盈利同比增长60%。

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