From "faith in the seven giants" to "let performance speak", next week the US stock market faces a life-or-death situation of financial reports.

In the past three years, for most of the time, the so-called "Big Seven" - Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla - have been leading the stock market higher. However, this trend reversed by the end of 2025 as Wall Street began to question the billions of dollars these companies have been investing in developing artificial intelligence and when these investments will pay off. An index tracking the Big Seven hit a record high on October 29, since then, the stock prices of five of the Big Seven companies have fallen behind the S&P 500 index. During this period, only Alphabet with nearly a 20% increase and Amazon have maintained their upward momentum. Darrell Cronk, Chief Investment Officer of Wells Fargo Wealth and Investment Management, said, "Tech stocks have turned into a 'show me' story. If the big tech companies can continue to deliver good results, I think funds will flow back into the tech sector." Next week, Microsoft, Apple, Tesla, and Meta will release their financial reports one after another, providing insights into the health of industries ranging from cloud computing, electronics, software, to digital advertising.