Business
April 30, 2026
Mag 7 Beat Earnings by Record 70%+, Stocks Crash Anyway on $650B AI Spending Fear
Big Tech delivered strong results this week, but the market reaction was uneven. Mag 7 stocks reported earnings well above expectations. Despite this, several names sold off after hours. The focus quickly shifted from quarterly performance to future spending. This was particularly around artificial intelligence. Investors are now deciding whether rising costs could pressure returns, […]