Earnings live: Google, Tesla to kick off 'Magnificent Seven' quarterly results

The article previews a heavy week of earnings led by Alphabet and Tesla, with Intel also in focus as investors look for evidence that massive AI-related capital spending is translating into returns. The broader setup is constructive for U.S. equities: FactSet says S&P 500 Q2 earnings are expected to grow 24.7% year over year, which would mark a second straight quarter above 20% growth and the seventh consecutive quarter of double-digit gains. The piece also notes mixed sentiment in Big Tech, as markets question whether elevated valuations can be justified by upcoming results and guidance. Beyond the headline tech names, the week’s calendar includes major reports from GM, IBM, AXP, LMT, and others, while Netflix’s disappointing outlook underscores that not all large-cap earnings are being rewarded. Overall, the market tone is one of anticipation and scrutiny around AI spending, with earnings seen as a key test for the recent tech rotation.