Alphabet, Microsoft and Amazon, part of tech giants valued at more than $10 trillion, are expected to post double-digit percentage revenue growth, but investors will focus on AI spending and when it becomes profitable. Meta shares closed down 6.1% on Thursday, their worst day since July, after the company raised its future spending commitments by $125 billion to $825 billion, and the price of its five-year credit default swaps hit a fresh high. Concerns about debt-financed AI buildout, including comments from CoreWeave and a Gartner estimate that more than $3.5 trillion of AI infrastructure spending could be impaired by 2030, have weighed on sentiment. Anthropic told investors its third-quarter revenue rose about 45% from a year earlier, a slower pace than in the second quarter. The Bloomberg Magnificent Seven Index is up 6.5% this year, trailing the 11% gain in the S&P 500 and the 15% gain in the Nasdaq 100.
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Related tickers and likely impact
META
▼ Likely negativeMeta Platforms
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $1.7T |
| Close on 10/23/2026 | 642.62 |
| Change that session | -0.96% |
AMZN
▼ Likely negativeAmazon
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Consumer Discretionary |
| Industry | Broadline Retail |
| Market cap | $2.7T |
| Close on 10/23/2026 | 248.00 |
| Change that session | -0.95% |
GOOGL
▼ Likely negativeAlphabet Inc. (Class A)
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Communication Services |
| Industry | Interactive Media & Services |
| Market cap | $4.0T |
| Close on 10/23/2026 | 320.21 |
| Change that session | -1.24% |
MSFT
▼ Likely negativeMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/23/2026 | 524.51 |
| Change that session | +0.66% |
NVDA
▼ Likely negativeNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/23/2026 | 210.96 |
| Change that session | -0.59% |
QQQ
▼ Likely negativeInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.40 |
| Change that session | -0.01% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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