NBC News Top Stories | Big Tech earnings test record stock market rally as AI spending takes center stage by Rob Wile AI generated summary, Read the full article for complete information. Big Tech’s latest earnings show the AI boom is reshaping market dynamics, but results still fall short of the sky‑high expectations set for the sector. Alphabet beat forecasts and saw its stock rise, while Meta’s flat‑quarter outlook dragged its shares down, and Amazon and Microsoft delivered mixed signals that nudged their stocks lower. Despite geopolitical tension, rising oil prices and weak consumer sentiment, the S&P 500 remains near record highs, buoyed by the strong profit margins of the “Magnificent 7” tech leaders—Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia and Tesla. Analysts note that the market’s heavy reliance on these firms heightens downside risk if AI‑related spending fails to translate into earnings, yet investors are cautiously optimistic, viewing the current valuations as cheaper and the companies’ AI infrastructure investments as a critical test of future growth. Read more: https://www.nbcnews.com/business/markets/big-tech-ai-earnings-alphabet-meta-amazon-microsoft-rcna342796 #OpenAI #EdYardeni