Microsoft, Meta, and Amazon earnings could sink the S&P 500 on AI capex fears

EarningsIndustry Impact 4
โดย Yahoo Finance·Read original
Summary · why it matters

Upcoming earnings from Microsoft, Meta, and Amazon could drag down the S&P 500 if they reveal major increases in AI capital expenditures with no signs of slowing. The index is heavily concentrated, with 10 stocks now accounting for a record 38% of its value, up from 27% during the dot-com peak. Alphabet's recent report saw its shares drop 9% after second-quarter capex of $44.9 billion slightly beat forecasts and full-year guidance was raised to between $195 billion and $205 billion, stoking fears that AI spending enthusiasm is cooling. The emergence of low-cost Chinese AI models like Moonshot AI's Kimi K3 is also raising questions about whether US tech firms are overspending. If the market reacts negatively to the trio's capex figures, the S&P 500 could face a sharp decline and money may rotate into sectors such as healthcare and financials.

Impact on stocks 4

Artificial Intelligence▼ · 4 stocks
Alphabet Inc Class C
GOOG
▼ NegativeCapitalrelevance

Alphabet's recent earnings showed capex of $44.9B and raised guidance, causing shares to drop 9% on AI spending fears.

Amazon.com Inc
AMZN
▼ NegativeCapitalrelevance

Article warns that Amazon's upcoming earnings could reveal major AI capex increases, which may spook investors and drag down the S&P 500.

Meta Platforms Inc.
META
▼ NegativeCapitalrelevance

Article warns that Meta's upcoming earnings could reveal major AI capex increases, which may spook investors and drag down the S&P 500.

Microsoft Corporation
MSFT
▼ NegativeCapitalrelevance

Article warns that Microsoft's upcoming earnings could reveal major AI capex increases, which may spook investors and drag down the S&P 500.

Theme Impact 3

Off-coverage companies 1

Moonshot AI (北京月之暗面科技有限公司)Private± Mixed
Competitionrelevance

Moonshot AI's low-cost model Kimi K3 is mentioned as raising questions about US tech overspending, but the article does not detail impact on Moonshot itself.

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