"The four major hyperscalers, Microsoft, Amazon, Meta, and Alphabet, collectively pushed estimated 2026 AI capital expenditure from roughly $670 billion heading into earnings week to approximately $725 billion after earnings, and Apple hasn't even reported yet."
"Alphabet posted EPS of $5.11 versus $2.63 expected on Cloud growth of 63%. Amazon delivered AWS growth of 28%, the fastest in 15 quarters. Microsoft saw Azure grow 40%. Meta Platforms grew revenue 33%."
"Combined capex from the hyperscalers for 2026 jumped from roughly $670 billion to $725 billion, with Meta lifting its range to $125 to $145 billion and Microsoft to roughly $190 billion."
The market is experiencing volatility, trading between 17.32 and 18.73, reflecting an 8.2% range amid a complex macroeconomic backdrop. Major tech companies reported strong earnings, with significant increases in AI capital expenditures. The four hyperscalers raised their 2026 AI capex estimates from $670 billion to $725 billion. Meta faced the largest market reaction, dropping 9% after increasing its capex forecast. Alphabet, Amazon, and Microsoft also reported substantial growth in their cloud services, with mixed market reactions overall.
Read at 24/7 Wall St.
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