Big Tech priced to perfection into earnings

With no progress on Middle East peace talks, rising tensions are pushing energy prices higher, complicating the outlook for inflation, central banks and global growth. The BoJ leaved rates unchanged but revised growth projections lower and inflation forecast higher. The Fed may be on hold for longer, as well. while policymakers face a tough trade-off: rising prices and slowing economies. At the same time, Big Tech is stepping back into the spotlight. Once questioned over massive AI spending and stretched balance sheets, tech giants are now seen as a relative safe haven in a fragile market environment. But there’s a catch—valuations are once again stretched, with Big Tech priced to perfection heading into earnings. Can strong results justify the optimism? Or is the market setting up for disappointment? Listen to find out more! Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025.