Tech earnings: Investors reward companies that own the full stack of AI
CNBC Television
|
January 30, 2026 at 07:45 PM UTC
Bullish
85% Confidence
Watch on YouTube
Key Points
- Investors are rewarding companies like Meta for internal, full-stack AI spending, viewing it as bullish despite high costs.
- Microsoft is being 'punished' for its dependence on OpenAI, which is increasingly seen as a competitor.
- Apple's AI strategy (in-house vs. outsourced) is under scrutiny, with investors awaiting clarity.
- Upcoming earnings for Amazon and Google will be a stress test for their AI strategies, particularly regarding their proprietary models.
AI Summary
The market is currently rewarding big tech companies that own the full stack of AI development, including models, infrastructure, and distribution. Investors are willing to overlook near-term profitability for significant, integrated AI investments, while dependence on external AI partners is viewed as a strategic risk.
Model Analysis Breakdown
| Model | Sentiment | Confidence |
|---|---|---|
| Gemini 2.5 Flash | Bullish | 85% |
| Consensus | Bullish | 85% |