Microsoft, Meta, Amazon Report Q2 Earnings on July 29-30 Amid AI Capex Concerns

MSFT1.93%
META-0.21%
AMZN-0.30%
According to Yahoo Finance, Microsoft and Meta will report Q2 earnings on July 29, while Amazon releases its results on July 30. The market is closely watching how much AI infrastructure investment these companies expanded. Barclays noted that "market enthusiasm for AI capex is beginning to fade." Alphabet's experience is instructive: the company's Q2 capex of $44.9 billion slightly exceeded expectations, and it raised 2026 guidance to $195-205 billion. However, Alphabet shares fell about 9% over the following five trading days. Investors increasingly question whether AI investment returns justify continued expansion.
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