Microsoft, Meta, Tesla and Apple kicked off the tech earnings season this week, giving us snapshot of how spending on AI is shaping the tech sector. Here’s what we’ve learnt about the AI boom so far.

The first earnings from the group of so-called "Magnificent Seven" megacap tech stocks were a mixed bag. Microsoft beat quarterly ... cuts at each of the next few meetings remaining the base ...

"Surprise reigns supreme and will continue to when Feb 1 comes and goes," says Evercore. "Near all-time highs, SPX could move 3-5% in either direction short term, on the road to 6,800 at year-end, ...

This means today will be the last day to buy the shares of these companies in order to be able to qualify for the dividends announced by them.