Earnings season has been shown widely mixed results, especially for the Big Tech companies that have already reported. James Ragan, Director of Wealth Management Research at D.A. Davidson, joins Wealth to explain that despite early fears, capital expenditures (CapEx) spending from major tech firms has increased for artificial intelligence (AI) and data center investments. “For the most part, those companies have all reported, now, [that] capital spending has not only not been cut, but I would say it’s been raised for 2025,” Ragan says. While business investment overall was weaker than expected, Ragan highlights that funds are being reallocated toward AI. He gives the earnings season a “B or maybe a B+” grade, with results surpassing expectations. “It ends 2024 on a high note for earnings,” Ragan says, suggesting more confidence for double-digit earnings growth in 2025. To watch more expert insights and analysis on the latest market action, check out more Wealth here. This post was written by Josh Lynch