# House View Daily | Big tech earnings to test the AI trade

Page: https://stenobird.com/podcast/ubs-on-air-house-view-2992249/house-view-daily-big-tech-earnings-to-test-the-ai-trade
Text version: https://stenobird.com/podcast/ubs-on-air-house-view-2992249/house-view-daily-big-tech-earnings-to-test-the-ai-trade.md
Podcast: [UBS On-Air: House View](https://stenobird.com/podcast/ubs-on-air-house-view-2992249)
Published: 2026-07-22T10:18:31+00:00
Episode link: https://www.ubs.com/content/dam/podcasts/wma/on-air/in-the-now/House_View_Daily__22_July_2026.mp3
Audio file: https://www.ubs.com/content/dam/podcasts/wma/on-air/in-the-now/House_View_Daily__22_July_2026.mp3
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## Resource

Earnings from hyperscalers will be a key test for the AI trade as investors look for greater clarity on capex, revenue durability, and margin resilience. While we remain constructive on AI’s longer-term growth story, a balanced approach across and beyond the AI value chain remains important.

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