Even Tech Giants Like Amazon and Meta Can’t Escape the Slowdown
- Tech earnings season promises to bring mostly bad news
- Amazon is expected to grow at slowest rate in two decades
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Growth is sputtering across the technology world, and even usually invincible companies like Apple Inc. and Amazon.com Inc. can’t escape the slowdown.
With many of the biggest tech giants poised to report earnings in the next two weeks, investors are bracing for mostly bad news. Amazon is expected to grow at its slowest rate in decades. Chipmakers are lurching from boom times to a potential glut. And gig-economy companies such as Uber Technologies Inc. and DoorDash Inc. could be victims of consumer budget-cutting during a shaky economy.