Big Tech, aka the Magnificent Seven, delivered stunning earnings reports this week. Meta, Microsoft, Amazon, and Apple all surpassed revenue expectations, with Amazon leading at $167 billion. Profitability soared, with Meta seeing a 36% increase in net income. Microsoft reported over $27 billion in net income. This performance solidifies their market dominance, with Microsoft’s market cap surpassing $4 trillion. Microsoft plans a record $30 billion in capital spending to build AI data centers. Meta and Amazon are also investing heavily in AI. Apple, while facing challenges, saw increased device sales due to trade war fears.

Read more at Yahoo Finance: Big Tech Pulls Off a Very Big Earnings Week