Tech Giants' AI Investments Remain on Track as Earnings Reports Reveal Significant Spending
The recent earnings reports from four of the world's largest tech companies, collectively known as the Magnificent Seven, have confirmed that they are still committed to their massive artificial intelligence spending plans for the year. Microsoft, Alphabet, Meta, and Amazon, which together have a market capitalization of approximately $12 trillion, reported their quarterly earnings on Wednesday, …
April 29, 2026, 9:07 p.m.