[Prize] Big Day of AI Investment Returns! Google, Microsoft, Meta, Amazon, Apple – who will keep the market believing in the future?

Prizes at the end of the article! Vote and guess to share 50,000 points 👇

This week, US tech stocks are once again entering an intense and thrilling period:After the market closes on April 29 (US Eastern Time), Google, Microsoft, Meta, and Amazon will collectively release their earnings reports; 24 hours later (after the market closes on April 30), Apple will take the stage.

The market expects that the overall profit of the 'Magnificent Seven' in the first quarter will increase by 20.3% year-over-year, with revenue up by 22% year-over-year.Goldman Sachs also noted that the current positioning of these seven giants is the cleanest it has been all year (net positioning is at the 50th percentile over the past three years, while total positioning is only at the 22nd percentile). If geopolitical tensions ease during the earnings season,Strong earnings data could become a catalyst for capital to re-enter the market, with momentum long positions, AI beneficiaries, storage, and semiconductor sectors likely to benefit first.

However, historical data also reveals another side.In Q4 2025, the actual earnings growth rate of these seven giants at 27.2% will still far outpace the S&P 500’s remaining companies at 9.8%, yet the market’s response was unusually harsh...

From$Microsoft (MSFT.US)$、$Alphabet-A (GOOGL.US)$until$Amazon (AMZN.US)$Whoever announces higher investment plans in the AI arms race gets hit with more intense sell-offs.

Why does the stock price not respond positively despite better-than-expected earnings? The answer lies in capital expenditures.In 2026, the five major AI giants (NVIDIA, Microsoft, Google, Amazon, Meta) have committed to AI-related capital expenditures as high as $680 billion, accounting for nearly one-third of total U.S. corporate capital spending.But when capital expenditure growth far outpaces profit growth, market trust also begins to waver, and the pricing logic has shifted from 'rewarding investment' to 'demanding returns'!The real test for this round of tech earnings season is no longer 'who earns the most,' but rather 'who can make the market believe again that the money hasn't been wasted.'The focus is on AI revenue realization, capital expenditure execution, and cost control.

Google Cloud’s performance this quarter has drawn significant attention.As the first battleground for AI implementation,The market expects it to maintain growth of over 50% to demonstrate Gemini's monetization capabilities.Meanwhile, its core search business is facing traffic erosion from OpenAI and emerging AI search tools; Google is accelerating the integration of its 'AI Overview' feature into search results. Qualitative analysis in the earnings report on how AI is reshaping ad click-through rates and user retention will directly impact market confidence in its search moat.

Capital expenditure is under even stricter scrutiny, with the 2026 budget soaring to between $175 billion and $185 billion, mainly for data center expansion and customized AI chip procurement.Investors are closely monitoring the performance of this quarter's operating profit margin, attempting to assess$Alphabet-C (GOOG.US)$whether, under the dual pressures of high costs in the chip supply chain and heavy R&D investment, the company can leverage economies of scale to maintain its long-term profitability resilience.

Looking at Microsoft again. The market is most focused on whether Microsoft's cloud business, Azure, can break through the 'computing power bottleneck'.Although Azure’s growth rate remained at a high of 39% last quarter, management has repeatedly stated that demand far exceeds supply, with capacity constraints limiting growth.In this earnings report, the market needs to see AI demand truly push Azure's growth curve to become steeper.At the same time, the commercial progress of AI products like Copilot will be key to determining whether its massive investments can translate into visible revenue.

$Meta Platforms (META.US)$The theme is 'Efficiency and Balance'.After layoffs and cost control measures, its advertising business performed strongly, with some institutions predicting that by 2026, Meta could surpass Google for the first time to top global digital ad revenue, with estimated annual net ad revenue reaching $243.46 billion and a market share of 26.8%. However, a sense of division still exists:On one hand, Zuckerberg relies on traditional advertising for high profits, while on the other hand, he is heavily investing in AI infrastructure. Can the return on investment from AI continue to rise?Under such aggressive investments, can the company maintain a delicate balance between profitability and growth?

Amazon falls under the category of 'solid fundamentals, but the market is just looking for flaws'.AWS has exceeded expectations for three consecutive quarters, and the advertising business has also become the second-largest profit pillar.The issue lies in the $200 billion annual AI capital expenditure, a year-over-year increase of 60%,Wall Street gets a headache just looking at it: tell me when you’ll make that money back? So this time Amazon used actual data to prove the spending was worthwhile,The key is that AWS maintains growth above 25%, and advertising continues with double-digit growth.

The most unique among the five is $Apple (AAPL.US)$。While others are competing on AI cloud and infrastructure, Apple’s story revolves around the recovery of iPhone sales (especially in the Chinese market) and the resilience of its high-margin services business.The market is more focused on whether its hardware sales have bottomed out and rebounded, and whether its ‘on-device AI’ strategy will provide clearer signals in its earnings.

It is reported that Apple has partnered with Google, and the next generation of Apple's foundational models will be based on Google's Gemini model and cloud technology, providing support for future intelligent features while adhering to its own privacy standards. This could become an important breakthrough in Apple’s AI strategy.

The suspense is at its peak—showdown imminent!

The five companies account for$S&P 500 Index (.SPX.US)$over 20% weight among tech giants; their performance will directly influence the direction of the US stock market. Whose results will truly convince the market?

[Prize Activity]

Choose the stock you think will have the highest increase on the first day after earnings release. Fellow investors who predict correctly will share the rewards.50,000 points!

(For example, if 100 fellow investors guess correctly, each person will receive 500 points; activity rewards will be distributed uniformly after the current earnings season ends!)

✅It’s not just about guessing the direction; we want to hear your logic.

Leave your insights in the comment section (over 30 characters, original and reasonable), each participant will directly receive 66 points!

Note: Both voting and commenting activities will end at 4:00 on April 30th, Beijing time. If the post-earnings closing prices of the above five companies all drop, all participating fellow investors will share the points equally; activity rewards can be stacked; rewards will be distributed uniformly after the current earnings season ends.

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Ask Futubull AI: Super earnings day is coming! AI-driven revenue realization, capital expenditure execution, and cost control are the keys. What core metrics should be closely watched in the earnings reports of the five major tech giants?

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