The Q4 2024 earnings season went well for the technology sector, with still high ratio of surpassing earnings expectations. However, by the end of the earnings season the stock market retreated to correction territory due to jitters around tariffs, weak consumer sentiment, and the wider uncertainty in business environment. Recession whispers are also growing louder. The uncertainty has led to trimmed guidance for the Q1 2025 earnings season by tech players.
The artificial intelligence (AI) theme remains strong. However, investors are growing impatient with the slow roll-out of consumer-grade features and the real impact of AI adoption on company earnings. The emergence of DeepSeek furthered skepticism by market players and investors. However, demand visibility has improved due to increased confidence in Big Tech delivering efficiencies to their customers and profit potential in their own businesses.
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Yang is a Senior Research Analyst at Counterpoint Research, based out of London. Yang has 10 years of work experience with particular interest in mobile devices, ecosystems, Emerging Markets, supply chain and macro topics that affect the global technology industry. As a tech analyst he has been quoted extensively by leading financial and media outlets. Yang started his career as a management trainee at Jardine Matheson, worked in business development at a SaaS startup, and most recently held marketing and research roles at KaiOS Technologies. Yang holds a Master of Science in Management from London Business School, and a Master of Science in Psychology from the University College of London.
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