Mag 7 earnings, Fed’s rate decision: What to Watch

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Now it’s time for what to watch. It’s the busiest week of earnings season anchored by big tech.

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Four out of the amazing seven companies report. We’ll hear from Microsoft, Meta, and Tesla on Wednesday.

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And Microsoft’s focus is on cloud capacity and whether demand for AI is constrained by data center bottlenecks. Commodity investors will watch CAPEX closely as expenses depend on AI infrastructure

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continues to rise faster than its peers, potentially putting pressure on margins. For Tesla, analysts are tracking data on deliveries, pricing and advances in autonomy and artificial intelligence.

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It comes after CEO Elon Musk said initial production of the Cybercab and Optimus would be extremely slow.

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Apple later reported Thursday that it was zeroing out investors’ margins due to rising memory costs and iPhone demand trends.

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And if that wasn’t enough, there’s also the Federal Reserve decision. Markets generally expect the central bank to keep interest rates steady, but the meeting is set against the backdrop of fierce political pressure from President Trump and upcoming announcements that the president will choose the next Fed chairman.

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Betting markets are showing a late trend towards Black Rock’s Rick Reeder, with his chances now approaching 50%, according to Polymarket.