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Tech giants earn $1.5T in a week
During the week, major technology companies experienced a total increase of approximately $1.5 trillion in their market value, following the announcement of their earnings and their capital expenditure forecasts in the field of artificial intelligence. The top three cloud computing companies—Amazon, Microsoft, and Alphabet—showed notable gains, with Microsoft’s value rising by more than $600 billion, and Amazon and Alphabet each increasing by over $400 billion. Meanwhile, stocks of companies like Meta, Apple, and Tesla declined sharply due to investor concerns over investment strategies and capital spending costs. Amazon’s earnings reports revealed a 37% year-over-year increase in cloud services revenue, bolstering spending forecasts for 2026, as the company plans to invest up to $220 billion in AI infrastructure—explaining its stock rising by more than 15%. Conversely, Apple’s shares dropped by 7% due to memory shortages and manufacturing challenges.
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