Alphabet Preparing to Start Week of Big Tech Earnings

This is a major week for tech companies as many of them will be releasing quarterly earnings reports, and it all starts with Alphabet (GOOGL).

Google’s parent company will be releasing its earnings report later today, after the stock market’s closing bell. That should start things off with a bang for Wednesday, especially as earnings reports from Apple (AAPL), Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN) will all be releasing theirs in the coming days.

We should see a major shift in the market as these reports come out, particularly over on the tech-heavy Nasdaq Composite. Already, that stock index is up 0.57% for the day and is expected to climb even higher as these stock reports are released. This could be a banner week for the Nasdaq index, as long as the upcoming reports stay positive.

How Is Alphabet Shaping Up?

Alphabet stock is up by 1.47% to $169 per share, which is a big step up from its January starting point of $138 but a long way off from its mid-year peak at $191 per share.

We are only seeing a slight improvement for Alphabet shares in recent months, and they have a long way to go to catch up with where they were back in July, but the holiday season is starting up, and that could give this stock a boost. We do expect Google’s stock to climb before the end of the year, but it has not shown itself to be a particularly strong performer lately, and that worries investors.

Alphabet is likely to recover a small boost from its earnings report, and over the long term, it could get back on its feet, but there should not be any spectacular windfall for investors right now. Some of the tech stocks are looking better, especially Apple and Nvidia (NVDA), which are now both ranked the top market cap companies in the world.