AI mentions on the rise in tech earnings calls as recession talk fades

Tech firms in the US are talking less about recession and more about artificial intelligence this earnings season, signaling that companies are increasingly optimistic about a soft economic landing.

With nearly half of the Nasdaq 100 firms having reported, executives are less frequently using words like headwinds, inflation, and recession in calls with analysts and investors, according to a Bloomberg analysis. That marks a sharp reversal from last year, when such concerns drove steep equity declines.