Tech stocks today: Big Tech earnings this week mark a pivotal moment for the AI trade - Yahoo Finance

What the report says

Yahoo Finance reported that technology shares moved higher on Monday morning as investors prepared for a heavy week of earnings from major technology companies, a stretch seen as an important test for enthusiasm around artificial intelligence-related stocks. The live report, updated Tuesday, July 28, 2026, said Microsoft, Meta Platforms, Apple and Amazon were among the largest companies due to report results, with chip-related updates from SK Hynix and Qualcomm also in focus.

According to Yahoo Finance, investor attention is centered on capital spending plans, especially after Alphabet’s guidance on expenditures unsettled the market. The concern is that the AI infrastructure buildout may pressure free cash flow, even as companies continue to spend heavily on data centers, chips and related computing capacity. That makes this earnings cycle a gauge of whether Big Tech can justify the scale of its AI investment with growth and profitability.

The report also noted several major developments around the sector. Apple’s market value briefly moved above $5 trillion on Tuesday, making it the second company to reach that threshold. Meta, which reports Wednesday, announced a $14 billion agreement with BlackRock tied to construction of a 1-gigawatt data center in Texas.

Yahoo Finance further cited reports that Nvidia is in discussions with OpenAI about providing $250 billion in financing for an Ohio data center project. The report said such arrangements are adding to questions about circular financing in the AI industry, a broader market concern as chipmakers, cloud providers and AI developers become increasingly financially intertwined.