The market is full of confidence in AI concept stocks, and tech giants in the US stock market are rising continuously before the release of next week's earnings reports.
Overnight, Alphabet-C, the parent company of Alphabet-C-C, broke through its all-time high, while Microsoft and Meta Platforms Platforms once again hit new historical highs.
Alphabet-C-C's stock price rose 2.1% on Thursday, closing at $151.87, surpassing the previous closing high of $149.839 set on November 18, 2021. It rose 58% last year and nearly 10% year-to-date.
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Microsoft rose 0.6% to $404.87, surpassing Apple in market value and becoming the world's most valuable company. It has risen more than 9% year-to-date.
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Meta Platforms Platforms rose 0.6% to $393.18, surpassing the trillion-dollar mark in market value. Meta Platforms Platforms doubled its stock price last year and rose 13% in January this year.
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Next week, AI application companies Microsoft, Alphabet-C, and META will release their earnings reports one after another, revealing the market's demand for AI applications. Previously, companies in the computing power sector reported good performance, and chip stocks are booming.
According to media reports, investors are optimistic that the vigorous development of artificial intelligence, cost reduction measures, broader economic growth, easing inflation, and prospects of interest rate cuts will help tech giants continue to create impressive performance.
As the &#34;two giants&#34; of AI, Microsoft and Alphabet-C's earnings reports are highly anticipated.
Analysts surveyed by LSEG expect Alphabet-C-C's revenue to grow by 12% YoY this quarter, which would be the fastest growth rate since mid-2022.
In a note to investors this week, analysts at Mizuho Securities maintained a buy rating on Alphabet-C-C, citing the company's strong position in the search and advertising market, as well as its continued innovation and investment in artificial intelligence.
Microsoft is leading in the cloud computing market compared to Alphabet-C-C, but still lags behind Amazon. Piper Sandler analysts urge investors to be comfortable with Microsoft's cloud business. Although the market is excited about Microsoft's AI advantage, this business is still small, accounting for only 1% of revenue. However, it is pointed out that cloud computing is a potential growth engine.

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GOOGL

Investors are optimistic that the booming development of artificial intelligence, cost-cutting measures, broader economic growth, easing inflation, and prospects of interest rate cuts will contribute to the continued impressive performance of technology giants.

Wallstreetcn

Alphabet-C, Microsoft, and Meta Platforms all hit new highs, and next week's earnings reports are expected to be "fully loaded."