Tech earnings to show if 'awful few months' will linger into next year

With the next big round of tech earnings on the horizon, Wall Street is already preparing itself for a raft of quarterly reports that reflect a sense of negativity unlike any seen in the sector in more than a decade.
A combination of the Federal Reserve's mixed efforts to tamp down inflation, ongoing evidence that a recession could be on the way and spending reductions by both consumers and enterprises has resulted in months of weakness across the tech sector. For example, in the last week of September alone, tech bellwethers such as $Intel(INTC.US)$ , $Advanced Micro Devices(AMD.US)$, $Alphabet-C(GOOG.US)$ and $Meta Platforms(META.US)$ all saw their shares fall to 52-week-lows, and are now just barely above those ignoble levels.
Outside of the last few days, it's been an awful few months for tech stocks. To this point, we are entering a crucial third-quarter earnings season. Any positive news is negative news in this market, and bad news is perceived as Armageddon, and thus takes down tech stocks in a heartbeat.
The earnings reports that are set to roll in over the next month will either expose the negative underlying fundamentals across the tech space and cause massive earnings cut into 2023 or prove that the recent negativity about the demise of growth tech was premature and many pockets of tech are holding up well.
One of the sectors likely to see a strong impact from the status of enterprise budgets is semiconductors, where leaders such as $Advanced Micro Devices(AMD.US)$ and $NVIDIA(NVDA.US)$ have recently been bruised due to concerns about spending among data center customers.
$Apple(AAPL.US)$ $Microsoft(MSFT.US)$ $Salesforce(CRM.US)$