Microsoft and Alphabet will report quarterly results on Oct. 28 after the close, and Amazon on Oct. 29. Because these three companies are Nvidia customers, the article says Nvidia investors should watch capital expenditures (capex). Microsoft gave capex guidance of $175 billion for fiscal 2027, Alphabet expects 2026 capex of $195 billion to $205 billion, up from an earlier $180 billion to $190 billion, and Amazon raised its cash capex forecast by $20 billion to $220 billion. Nvidia reported that its latest quarterly revenue rose 106% to $96 billion, with more than 90% from data centers. The article says rising capex or signs of sustained heavy spending would be positive for Nvidia, while any slowdown would be negative in the short term.
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Related tickers and likely impact
MSFT
• NeutralMicrosoft
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Systems Software |
| Market cap | $3.9T |
| Close on 10/26/2026 | 532.75 |
| Change that session | +1.57% |
NVDA
• NeutralNvidia
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | Information Technology |
| Industry | Semiconductors |
| Market cap | $5.1T |
| Close on 10/26/2026 | 215.98 |
| Change that session | +2.38% |
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