[From 'Faith in the Seven Giants' to 'Performance Speaks': U.S. Stocks Face Earnings Life-or-Death Moment Next Week] Jin10 Data, January 25 – For most of the past three years, the so-called 'Seven Giants'—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—have been leading the stock market higher. However, this trend reversed at the end of 2025, as Wall Street began to question the hundreds of billions of dollars these companies have invested in developing artificial intelligence and when these investments would yield returns. An index tracking the Seven Giants hit a record high on October 29, but since then, the stock prices of five of these companies have declined and lagged behind the S&P 500 index. During this period, only Alphabet and Amazon, with gains of nearly 20%, have maintained upward momentum. Darrell Cronk, Chief Investment Officer of Wells Fargo Wealth and Investment Management, stated: 'Tech stocks have become a story of "performance speaks." If big tech companies can continue delivering strong results, I believe capital will flow back into the tech sector.' Next week, Microsoft, Apple, Tesla, and Meta will release their earnings reports one after another. These results will provide insights into the health of industries ranging from cloud computing and electronic devices to software and digital advertising.