AMZN, GOOGL, META: 2Q Earnings Outlook as Tech Sees Tentative Tailwinds

Bullish Gator

Ted Thatcher previews 2Q earnings, bullish on Amazon, Alphabet and Meta; contrasts hyperscalers vs. chipmakers and spots potential tech sector tailwinds.

Editorial companion

What stands out

Ted Thatcher on Schwab Network laid out a simple but important thesis: Amazon, Alphabet and Meta still have revenue stories that can survive a tricky second-quarter earnings season, and year-over-year (YoY) growth will be the metric to watch, while chipmakers may face a choppier stretch. He points to a widening divergence between hyperscalers and semiconductors and expects more volatility in chips, a detail that often forces mid-cycle reallocations. For anyone deciding how much big-cap tech to own into earnings, it is a timely reminder to separate durable revenue engines from cyclical supply-chain bets.