SoftBank, Tech Earnings to Test AI-Fueled Stock Rallies

The coming week’s earnings will shed light on whether the artificial intelligence-fueled rebound in the technology sector is little more than hype.

Major US tech giants like Alphabet Inc., Meta Platforms Inc. and Microsoft Corp. have topped estimates this quarter, with the burgeoning field of AI emerging as a new battle front in the industry. SoftBank Group Corp. founder Masayoshi Son has said the firm is positioned to win the race to master AI, thanks to its billions of dollars of tech investment.

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