Four US tech giants report strong AI-driven quarterly results, surpassing Wall Street expectations
Updated
Updated · The Guardian · Apr 29
Four US tech giants report strong AI-driven quarterly results, surpassing Wall Street expectations
14 articles · Updated · The Guardian · Apr 29
Amazon, Alphabet, Microsoft, and Meta posted robust Q1 earnings, with cloud units showing double-digit growth and combined 2026 AI infrastructure spending projected at $650bn.
Meta missed Wall Street expectations and announced a 7% increase in capital expenditure to $125bn–$145bn, causing its stock to drop over 5% after hours. Alphabet’s Google Cloud revenue jumped 63% year-on-year.
The tech sector’s AI focus is driving record spending and widespread layoffs, with over 92,000 tech jobs cut globally this year. Investors see these results as evidence that AI investments are fueling revenue growth, easing market concerns.
Is Big Tech's trillion-dollar AI race creating an unbreakable monopoly on the future?
As AI's energy thirst revives fossil fuels, can Big Tech's climate promises survive?
With local communities blocking new projects, is the AI infrastructure boom hitting a wall?
Will the AI boom's insatiable power demand break America's aging energy grid?
How does concentrating AI's 'nervous system' in the US reshape global power?
As data centers drain local resources, who truly benefits from their massive tax breaks?