Jul 26, 2026 – 12.00pmThe global artificial intelligence trade that has rocketed equity markets to record levels is facing a defining week, as the world’s largest technology companies deliver results that will be scrutinised for signs huge spending is generating the promised returns.Microsoft, Amazon and Meta, the company behind Facebook and Instagram, are scheduled to release quarterly earnings this week amid investor anxieties about the debt-fuelled spending plans.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles
Jittery investors brace for defining week for AI trade
Results from Microsoft, Amazon and Meta headline a huge week for the booming AI trade, which is also under threat from surging oil prices and higher rates.
TL;DRAI
Microsoft, Amazon and Meta report earnings this week amid investor scrutiny on whether AI spending is delivering promised returns. The verdict reshapes enterprise IT budgets, investor sentiment, and Big Tech's competitive stance in the AI capex cycle.
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