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Big Tech’s earnings problem is estimates may be way too high


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SUNNYVALE, CA: OCTOBER 21: Apple Park's spaceship campus is seen from this drone view in Sunnyvale, Calif., on Monday, Oct. 21, 2019. (Jane Tyska/Bay Area News Group)

The last time Big Tech delivered earnings, Donald Trump had just started his second term, stocks were soaring on expectations of a pro-growth agenda and investors; main worry was how long it would take companies to convert their artificial intelligence spending into profits.


Originally published at Bloomberg
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