NEW YORK, Jan 28 (Reuters) - Stakes are high for earnings reports from U.S. megacap companies this week, as investors seek proof that strong profit growth will lift stocks this year, including evidence that artificial-intelligence investments are paying off.
Reports are due from Microsoft, Apple, Facebook parent Meta Platforms and Tesla - four of the "Magnificent Seven" megacap companies whose bottom-line results broadly are key drivers of overall U.S. profits. The group is expected to post a 21.5% rise in earnings for the quarter, compared with a 5.3% gain for the rest of the S&P 500, according to Tajinder Dhillon, head of earnings research at LSEG.
