Big Tech AI Stakes Inflate S&P 500 Corporate Earnings
Tech giants Microsoft, Amazon, and Alphabet saw their corporate earnings inflated during the most recent quarter by multibillion-dollar equity gains from private artificial intelligence companies Anthropic and OpenAI. According to market data from LSEG, these paper gains distorted underlying financial health, masking more modest operational growth across the S&P 500. Venture capital portfolios held by … Read more