'Magnificent 7' Earnings Highlight Surge in AI Spending, Hyperscaler Capex Expected to Reach $725 Billion in 2026
The 'Magnificent 7' tech giants, including Microsoft, Amazon, Meta, and Alphabet, reported increased capital expenditures for AI investments, with total hyperscaler capex expected to reach $725 billion in 2026. This surge reflects growing demand for AI infrastructure and data centers. The reports had mixed market reactions, with Meta's stock declining and Alphabet's rising.
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Topics: AI spending Alphabet Amazon capital expenditures earnings reports hyperscalers Meta Microsoft