The earnings report week for tech giants under Trump's tariffs is approaching, and the &#34;victims of tariffs&#34; are finally set to respond directly to the potential impacts of this storm.Next week, as tech giants like Meta, Microsoft, Amazon, Apple, and Spotify release their earnings reports one after another, investors will closely monitor the potential tariff impacts on their supply chains and products imported from overseas.According to comprehensive analysis, Amazon and Apple may be the two tech giants most severely affected by the tariff storm. Amazon will announce its earnings report after the U.S. stock market closes next Thursday. The company may not only see its advertising business impacted, but its market revenue, which heavily relies on Asian suppliers and retailers, will also undoubtedly suffer from Trump's tariffs.Apple will also announce its earnings report after the U.S. stock market closes next Thursday. Although the company may benefit in the short term from consumer panic buying, the dual pressures of rising supply chain costs and declining consumer purchasing power will gradually become apparent as tariffs are fully implemented.<h2>Joy and Worry of Tech Giants Amid Tariff Storm</h2>Tech giants have already sensed the looming tariff storm. Alphabet CEO Sundar Pichai indirectly mentioned the impact of tariffs during a recent earnings call:<blockquote>&#34;We are clearly not immune to the macro environment. But we do not want to speculate on potential impacts; it is worth noting that changes in minimum exemption thresholds will clearly pose slight resistance to our advertising business in 2025, primarily from retailers in the Asia-Pacific region.&#34;</blockquote>Tesla CEO Elon Musk was straightforward:<blockquote>&#34;When profit margins are still low, tariffs are a severe test for the company.&#34;</blockquote>Despite his close relationship with Trump, Musk expressed support for &#34;free trade and lowering tariffs.&#34; However, it is noteworthy that Tesla has refused to update its guidance for the remainder of 2025, citing the uncertainty of trade policies' impact on the automotive and energy supply chains.Intel reported better-than-expected revenue but provided disappointing guidance for second-quarter revenue. Intel CFO David Zinsner disclosed:<blockquote>&#34;We believe first-quarter revenue benefited from customers purchasing in advance to cope with potential tariffs, although it is difficult to quantify the extent.&#34;</blockquote>These statements may serve as a signal for Apple: Several analysts on Wall Street expect that the iPhone manufacturer may report better-than-expected revenue due to accelerated demand, but at the cost of reduced phone upgrades in the coming months.ServiceNow CEO William McDermott stated:<blockquote>&#34;Yes, CEOs are noticing that the global economy is in flux. No, they are not stagnating.&#34;</blockquote>ServiceNow not only reported better-than-expected first-quarter financial data but also provided stronger-than-expected subscription revenue guidance. This could be a good sign for Microsoft, which will announce its earnings next week, as the latter has a large software business through its Office suite of applications.Netflix co-CEO Gregory Peters stated:<blockquote>&#34;We are clearly keeping a close eye on consumer sentiment and broader economic trends. However, based on what we are currently seeing in our actual operating business, there are no significant changes worth noting.&#34;</blockquote>This may indicate that consumers are still willing to spend on entertainment, which could be good news for subscription-based media platforms like Spotify.

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This week, Amazon and Apple will announce their financial reports, and they may be the two tech giants most severely impacted by the tariff storm. The former heavily relies on Asian suppliers and retailers, while the latter may benefit in the short term from consumers' advance purchasing behavior but face long-term pressure

- Next week, major tech companies like Meta, Microsoft, Amazon, Apple, and Spotify will report earnings amid concerns over the impact of tariffs imposed by Trump.  
- Amazon and Apple are expected to be the most affected, with Amazon's reliance on Asian suppliers and Apple's rising supply chain costs due to tariffs.  
- Executives from various companies, including Tesla and Intel, have acknowledged the challenges posed by tariffs, while some, like ServiceNow, reported strong earnings, suggesting mixed outcomes for the tech sector.

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This week, the two tech giants most impacted by tariffs will speak to the market