Big Tech Earnings Week Will Test the Recent Stock Market Rally
Key Points: Five major technology companies will report their first-quarter earnings this week to justify a massive market rally. Alphabet, Amazon, Microsoft, and Meta plan to spend a combined $649 billion on artificial intelligence during 2026. The Magnificent Seven group expects 19% earnings growth, compared with just 12% for the broader market. High spending on new technology drains free cash flow, forcing companies like Meta...