Next week, the US stock market faces a life-and-death situation with earnings reports, shifting from the "Seven Giants' Faith" to "Letting Performance Speak."

Odaily Planet Daily reported that for most of the past three years, the so-called “Seven Giants” (Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla) have been leading the stock market higher. However, this trend reversed at the end of 2025, as Wall Street began to doubt the hundreds of billions of dollars these companies have invested in developing artificial intelligence, and when these investments will start to pay off. An index tracking the Seven Giants hit a record on October 29, and since then, five of the seven companies’ stock prices have fallen and lagged behind the S&P 500 index. During this period, only Alphabet, with an increase close to 20%, and Amazon have maintained gains. Darrell Cronk, Chief Investment Officer of Wells Fargo Wealth & Investment Management, said, “Tech stocks have become a ‘performance-driven’ story. If the big tech companies continue to deliver good results, I believe capital will flow back into the tech sector.” Next week, Microsoft, Apple, Tesla, and Meta will sequentially release earnings reports, which will provide insights into the health of industries ranging from cloud computing and electronic devices to software and digital advertising. (Jin10)