Investors will hear from Meta, Lam Research and Texas Instruments on Oct. 21, as earnings arrive amid concern over artificial intelligence (AI) funding, debt and higher interest rates.
Reuters reported that questions about how companies would finance AI development had weighed on technology shares.
The outlet also cited the prospect of higher interest rates as a source of pressure on the sector.
Reuters framed the coming reports as a measure of whether profit gains can answer doubts about company valuations, debt and borrowing costs.
Michael James, managing director and equity sales trader at Rosenblatt Securities, told Reuters the market was “far from out of the woods.”
Meta has scheduled a third-quarter call for Oct. 21.
Tesla plans to release quarterly results after the U.S. market closes that day.
Lam Research and Texas Instruments also have earnings calls scheduled for Oct. 21.
