Big Tech Earnings Are Coming, and These 5 Stocks Have Room to Run

Markets are entering a critical stretch as earnings season ramps up.

The S&P 500 and Nasdaq are trading near all-time highs, driven by better-than-expected results from early reporting companies and cautious optimism about the consumer.

According to FactSet, 86% of companies that have reported so far have beaten expectations.

But this week, attention turns to the tech titans.

Alphabet and Tesla are among the first of the Magnificent Seven to report, and their results may help determine whether the market has more upside ahead.

With analysts expecting Big Tech to account for the majority of earnings growth this quarter, the stakes couldn’t be higher.

While macro headlines continue to swirl, this is a moment where fundamentals are starting to matter again.

We’ve identified five names, from AI giants to Southeast Asian super-apps, that are gaining momentum or have timely earnings catalysts. Here’s what to watch:

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Warner Bros. Discovery | WBD

Price: $12.80

WBD is riding a breakout wave after a strong June, powered by excitement over its decision to spin off its linear TV division and double down on streaming.

Volume spiked dramatically last week, signaling increased institutional interest as the stock approached its 52-week highs.

Wimbledon coverage through Max, TNT Sports, and discovery+ further highlights the company's strategic pivot toward streaming dominance in international markets.

While growth in India remains a work in progress, analysts remain moderately bullish on the overall pivot, with improving sentiment around valuation and management execution.

Continued updates around the streaming/linear split or M&A chatter could be the next catalyst.

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Grab Holdings | GRAB

Price: $5.35

Grab’s bullish case is building.

With profitability now in sight and strong growth across delivery and mobility GMV, the Southeast Asian super-app is emerging from its post-SPAC hangover with real momentum.

Its adjusted EBITDA surpassed expectations in FY 2024, and projections show that figure could double by 2026.

Investors are watching for continued progress in ad monetization and fintech adoption, both of which could boost margins.

Barclays, J.P. Morgan, and HSBC all rate the stock as Overweight or Buy, with price targets above current levels.

GRAB is a high-growth name benefiting from secular digital trends in an underserved market, and if engagement continues to climb, it may not remain under $6 for long.

Alphabet | GOOG

Price: $191.15

Catalyst: Earnings report this week

Alphabet has had a muted 2025 until now. This week, all eyes will be on its earnings.

Investors want to know whether Google’s AI investments and infrastructure expansions are translating into results.

The company just announced a $25 billion AI infrastructure investment across the Mid-Atlantic and a $3 billion clean energy deal, signaling a long-term vision amid current headwinds.

Yes, regulatory scrutiny and AI competition remain risks, but the core business continues to generate strong cash flow, and Google’s Gemini platform is scaling rapidly.

At ~18x forward earnings, Alphabet is one of the few AI leaders trading at a relative discount.

A clean earnings beat or strong guidance could send shares sharply higher, especially as sentiment continues to recover.

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Abbott Laboratories | ABT

Price: $124.35

Abbott delivered a textbook beat in Q2: 7.4% revenue growth, a 38% jump in net income, and a healthy expansion in profit margins.

EPS of $1.02 came in above estimates, driven by strength across diagnostics and medical devices.

The company is projecting steady annual growth of 6.9% over the next three years, backed by a broad product pipeline and operational scale.

With medical equipment names underappreciated in the AI and tech-led rally, Abbott stands out as a consistent performer with long-term upside.

For investors seeking to diversify beyond tech while still capturing innovation-driven growth, ABT warrants a closer examination.

Cisco Systems | CSCO

Price: $68.36

Cisco has quietly been one of the best-performing large-cap tech stocks this year—and it’s not just because of AI hype.

Analysts note strong tailwinds from the ongoing data center buildout, where Cisco’s hardware and software infrastructure is central.

Jefferies and GreensKeeper both pointed to AI exposure and valuation as key reasons to remain bullish.

The stock is still trading below its 52-week high, and with solid fundamentals, a 2.41% dividend yield, and multiple segments gaining traction, CSCO may be just getting started.

Watch for earnings revisions and new product updates to spark further upside.

The market’s at record highs, and it’s now up to earnings to justify the move.

With Big Tech stepping into the spotlight, results from names like Alphabet could set the tone for the next leg higher.

But the opportunity isn’t limited to the mega caps.

Companies like Grab, Abbott, and Cisco are each positioned to benefit from their own secular catalysts, while Warner Bros. Discovery’s transformation story continues to gain steam.

In a market rewarding execution and momentum, this is a week to stay alert. Catalysts are everywhere; you just need to know where to look.