Despite facing uncertainties in trade policy and risks of economic slowdown, major U.S. tech companies reported better-than-expected earnings in the latest quarter, boosting market sentiment. Wall Street had initially taken a cautious stance regarding this quarter's performance, yet data revealed that even slightly weak figures exceeded the worst-case scenarios, allowing the market to maintain an optimistic outlook.

According to Bloomberg, the 'Mag7' tech giants—Microsoft, Amazon, Meta, NVIDIA, Apple, Tesla, and Alphabet—are expected to see overall profits grow by 21.6% and revenues rise by 9.7% in 2025. While Apple's performance fell short of expectations due to rising tariffs, overall tech stocks continued to provide strong support for the market rebound.

Particularly, Microsoft's Azure cloud services continue to perform strongly, exceeding revenue expectations. Amazon's CEO, Andy Jassy, stated that they have not yet observed any signs of weakened demand, despite a cautiously conservative outlook on operating profits. Meta also aligned with market expectations in its financial guidance, instilling confidence in the digital advertising market.

In addition to cloud and advertising businesses, AI-related capital expenditures are also continuing to attract investment interest. Meta raised its annual capital expenditure forecast in its latest earnings report, while Microsoft indicated that although the growth rate of AI infrastructure spending will slow next year, the total amount will still increase. This action not only signals positive sentiment but also boosts the stock prices of chip manufacturers like NVIDIA and Broadcom, indicating market anticipation for hardware demand in AI applications.