Third-quarter earnings season heats up this week as Magnificent Seven giants Meta Platforms META) and Tesla TSLA) prepare to release their quarterly results on Wednesday, October 21, after the market closes. Both reports could serve as important catalysts for the broader technology sector following the recent market pullback, as investors increasingly scrutinize lofty AI investments, profitability, and earnings growth. While Meta looks to justify its massive artificial intelligence spending through continued advertising growth, Tesla faces pressure to turn stronger-than-expected vehicle deliveries into improved financial performance.
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