(Bloomberg) -- Judge Amit Mehta presided over two days of closing arguments, concluding on Friday, in the US antitrust challenge to Alphabet Inc. Now he’ll head off for weeks or months to consider a ruling that could have significant consequences across the tech industry. Most Read from BloombergEverything Apple Plans to Show at May 7 ‘Let Loose’ iPad EventSaudi Arabia Steps Up Arrests Of Those Attacking Israel OnlineApple Rallies Most in 18 Months on Upbeat Forecast, BuybackTrump Auditions VP P...

As earnings season continues to unfold, over 80% of S&P 500 (^GSPC) companies have now released their first-quarter results. To dissect the impact of artificial intelligence (AI) on earnings, Market Domination Overtime welcomes The Transcript Editor and Founder of Avondale Asset Management Scott Krisiloff. Krisiloff acknowledges the first quarter earnings season has been stronger than expected, with consumers demonstrating resilience in the face of economic headwinds. However, a major theme that has emerged throughout the earnings reports is the crucial role of AI. Krisiloff notes that the tech companies with significant AI plays "are in one bucket," while the rest of the Fortune 500 corporations "very interested" in AI's potential to drive business growth and enhance their operations. He also notes how companies discussed how power-hungry AI systems are. "I think what we're seeing with AI is that it's this massive tool that's being built for humanity that has the potential to multiply economic output to levels that we haven't seen before, but, in order to do that, it's very energy-intensive," Krisiloff explains. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. Editor's note: This article was written by Angel Smith...