Big Tech Between Celebration and Punishment: Where Investors Should Now Jump In After the 725 Billion USD Night!
Reading Time: 3 minutes
It was the most expensive earnings night in economic history. On April 29, Alphabet, Meta, Amazon , and Microsoft opened their books within a few hours – and jointly unveiled an investment plan that envisions up to 725 billion USD in AI infrastructure by 2026. The reaction from Wall Street was surprisingly nuanced. The time when every capex dollar was reflexively celebrated is over. The winner is Alphabet . The stock jumped six to seven percent in after-hours trading after Google Cloud dominated the quarter with 63% growth. With a backlog of...
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