Why Wall Street Is on Edge Ahead of Major Tech Earnings This Week

Published: April 28, 2025 by Omor IE

Key Points

The stock market is down slightly today ahead of tech earnings.
Four of the Magnificent Seven companies are expected to post earnings this week.
There is plenty of uncertainty, so investors are on edge.
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This week’s earnings reports and macro data could make or break the market’s recovery. Previous macro and earnings reports have mostly been in line, and the two Magnificent Seven reports we have so far have been mixed, with one miss and one surprise. Four more are expected to hold earnings calls this week. The remaining one is NVIDIA (NASDAQ: NVDA), and it will post earnings later in May.

The stock market hasn’t made any big moves, and most investors are waiting for the data to come in before they either de-risk or become more aggressive with their portfolios. The GDP data is expected to come in on Wednesday, April 30th, with an annualized estimate of just 0.4% growth. Any misses or surprises above or below this figure will move markets correspondingly.

Here’s a market update as of 11:30 A.M (ET) today.

The S&P 500 is down 35.09 points, or 0.64%.
The Nasdaq Composite is down 206.17 points, or 1.18%.
The Dow Jones Industrial Average is down 27.56 points, or 0.07%.

Major Tech Earnings Expected

Microsoft (NASDAQ: MSFT) is reporting on Wednesday, April 30. Revenue is expected to reach $68.44 billion, up 10% year-over-year. EPS is expected to grow 8.8% and come in at $3.2 to $3.21.
Meta Platforms (NASDAQ: META) is reporting its earnings on the same day as Microsoft. Revenue is expected to reach $41.22 billion to $41.4 billion, up 13% to 13.6%. EPS is expected to be in the range of $5.21 to $5.29, up 11% to 12.2%.
Apple (NASDAQ: AAPL) is reporting on Thursday, May 1. Revenue expectations are at $94.2 billion to $95.8 billion. EPS is expected to be at $1.6.
Amazon (NASDAQ: AMZN) will also report its earnings on Thursday. Revenue is expected to grow 7.85%-8% to $154.56 billion to $154.96 billion. EPS is expected to grow to $1.37.

Notable Gainers Today

Pony AI (NASDAQ: PONY) is up 38.7%. It has continued recovering due to excitement after the Shanghai Auto Show. It is partnering up with Tencent for its Robotaxi push.
Plug Power (NASDAQ: PLUG) is up 32.5% due to the company signing a $525 million secured credit facility and reporting solid preliminary Q1 2025 earnings. The credit facility includes a $210 million tranche initially and more tranches of up to $315 million.
CG Oncology (NASDAQ: CGON) is up 31% after the company reported durable responses for Cretostimogene in bladder cancer treatment.
Sabre Corp (NASDAQ: SABR) is up 17.8%. It is selling its Hospitality Solutions business to TPG for $1.1 billion.
TMC the metals company (NASDAQ: TMC) is up 11% as investors are optimistic about President Donald Trump approving mining in international waters.

Notable Losers Today

Groupon (NASDAQ: GRPN) is down 18%. There are no reports as to why it is down so much, so it is likely due to technical reasons.
WeRide (NASDAQ: WRD) is down 12.4%. The lockup period ended last week.
Canadian Solar (NASDAQ: CSIQ) is down 12.4%, apparently due to huge short selling.
Repay Holdings (NASDAQ: RPAY) is down 10.3% as it recently announced a CFO transition.
Nutex Health (NASDAQ: NUTX) is down 9.7%.