Tech investors focus on profits after layoffs; companies to highlight AI

A quarter into record layoffs, investors in US tech giants will scrutinise if the cost cuts boosted profits to their satisfaction, while the companies emphasise how artificial intelligence will be their next growth driver.

Microsoft Corp, Google parent Alphabet Inc, Instagram owner Meta Platforms Inc and Amazon.com Inc all report quarterly results this week.

Together, they command more than $5 trillion in market capitalisation, or more than 14% of the value of the S&P 500 index.