Global Tech Giants Navigate Trade Turbulence with Optimism
Top tech firms like Alphabet, SK Hynix, and Infosys are optimistic despite erratic U.S. trade actions. They reported earnings that surpassed forecasts, with plans for increased spending. Companies across sectors face substantial losses due to U.S. tariffs, intensifying the need for new trade deals.
In a landscape marked by unpredictable U.S. trade policies, global tech giants such as Alphabet, SK Hynix, and Infosys have issued hopeful earnings forecasts. Despite economic uncertainties triggered by fluctuating tariffs and regulatory changes, these companies reported results exceeding market expectations and announced aggressive spending plans.
This comes as businesses in diverse industries, including automotive and aerospace, report sizeable losses amid the tariff turmoil. Chipmaker SK Hynix experienced record profits due to high demand for AI chips, while Infosys adjusted its revenue forecast upwards, aligning with analyst predictions.
Elsewhere, Swiss drugmaker Roche and food giant Nestle reported strong growth, navigating trade tensions by increasing U.S. inventories. As trade negotiations unfold, nations are keen to finalize deals with the U.S., with hopes of alleviating the burden of tariffs on heavily impacted sectors.
(With inputs from agencies.)
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