Bowman et al. (2019) reported low-frequency photometric variability in 164 O- and B-type stars observed with K2 and TESS. They interpret these motions as internal gravity waves, which could be excited stochastically by convection in the cores of these stars. The detection of internal gravity waves in massive stars would help distinguish between massive stars with convective or radiative cores, determine core size, and would provide important constraints on massive star structure and evolution. In this work, we study the observational signature of internal gravity waves generated by core convection. We calculate the textit{wave transfer function}, which links the internal gravity wave amplitude at the base of the radiative zone to the surface luminosity variation. This transfer function varies by many orders of magnitude for frequencies $lesssim 1 , {rm d}^{-1}$, and has regularly-spaced peaks near $1 , {rm d}^{-1}$ due to standing modes. This is inconsistent with the observed spectra which have smooth ``red noise profiles, without the predicted regularly-spaced peaks. The wave transfer function is only meaningful if the waves stay predominately linear. We next show that this is the case: low frequency traveling waves do not break unless their luminosity exceeds the radiative luminosity of the star; and, the observed luminosity fluctuations at high frequencies are so small that standing modes would be stable to nonlinear instability. These simple calculations suggest that the observed low-frequency photometric variability in massive stars is not due to internal gravity waves generated in the core of these stars. We finish with a discussion of (sub)surface convection, which produces low-frequency variability in low-mass stars, very similar to that observed in Bowman et al. (2019) in higher mass stars.