Mag 7 Just Committed $710 Billion To AI Capex

Apple beat at $111.2B with a $100B buyback. Meta got hit. Powell’s last press conference brought the most divided Fed since 1992.
$710 billion. That’s what Amazon (NASDAQ:AMZN) , Microsoft (NASDAQ:MSFT), Google (NASDAQ:GOOGL) (NASDAQ:GOOG), and Meta (NASDAQ:META) just told the market they (NYSE:MAGS) will spend on AI CapEx in 2026. Pichai said the quiet part out loud: “We are compute-constrained.”
The S&P closed Friday at a fresh record 7,230 (+0.3%), the Nasdaq at a record 25,114 (+0.9%), both posting their best month since 2020. Apple did most of the Friday lifting after a $111.2B revenue beat. The Dow slipped 153 points to 49,499. WTI cooled to $102.28 (-2.7%) on Iran de-escalation signals, but the national gas average still hit $4.39, up from $4.06 a week ago.
THE RUNDOWN
CapEx › THE $