Big Tech earnings hold up for now but repeat performances are uncertain

Apple, Google-owner Alphabet, Facebook-owner Meta, and Tesla all gave investors reason to fret about growth in the latest earnings season

Apple alone has lost more than $300bn (€280bn) in market value as the seven biggest tech stocks are down an average of about 9% from 52-week highs.

Earnings for most of Big Tech are out and the group delivered even bigger profits than analysts anticipated, but the bad news is that the outlook for repeat performances has dimmed.

Apple, Google-owner Alphabet, Facebook-owner Meta, and Tesla all gave investors reason to fret about growth. From Apple’s muted holiday outlook to Alphabet’s lacklustre cloud computing sales results, a recurring theme for the cohort was caution. Meta warned that the year ahead is looking less predictable, while Tesla raised concerns that demand for electric cars is starting to weaken.