Big Tech's multi-billion dollar AI bets are still on track as Mag 7 giants report earnings

Big Tech's multi-billion dollar AI bets are still on track as Mag 7 giants report earnings

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enMarketsShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailBig Tech's multi-billion dollar AI bets are still on track as Mag 7 giants report earningsThe four Mag 7 giants reported quarterly results on Wednesday, showing that they are still on track to spend multi-billion on AI. Here is what it means for crypto. By James Van Straten, Helene Braun|Edited by Aoyon Ashraf Apr 29, 2026, 9:07 p.m. 3 min readMake preferred on Silicon Valley (Carles Rabada/Unsplash)What to know: Microsoft, Alphabet, Meta, Amazon all reported Q1 earnings after the bell on Wednesday.The four companies are expected to spend a combined $650 billion on AI infrastructure in 2026, the largest capital spending commitment in corporate history.AI-linked bitcoin mining stocks IREN, TeraWulf and Cipher Digital fell slightly in afte

Source: https://www.coindesk.com/markets/2026/04/29/big-tech-s-multi-billion-dollar-ai-bets-are-still-on-track-as-mag-7-giants-report-earnings