Dollar Strength Impacts Tech Margins

Rather than showing continued dollar strength squeezing tech margins, the news actually points to a weaker U.S. dollar being the concern (Fortune's 'hidden tax' from a weaker dollar), which is the opposite of the original thesis. No articles report currency-driven margin compression at Apple, Amazon, Google, or Microsoft; instead earnings coverage focuses on AI investment themes and unrelated stock moves, meeting the falsification criteria of stable/unaffected results despite the predicted dollar dynamic not materializing as described.