The S&P 500 is heading for an 11% gain this year, largely driven by AI stocks, while investors have questioned whether heavy AI infrastructure spending will pay off. Amazon, Alphabet, Microsoft and Meta together aim to spend more than $700 billion on the effort this year, with the investments expected to continue beyond 2026. Alphabet and Microsoft report earnings after the market closes on Oct. 28, and Amazon reports on Oct. 29. Meta's report was positive, but its stock slid over concerns about its heavy AI spending. The author predicts Oct. 29 will be an enormous day for the stock market and stresses that the long-term AI outlook remains bright.
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S&P 500earningsartificial intelligenceAI investmentMETA
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Related tickers and likely impact
QQQ
• NeutralInvesco QQQ Trust
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/26/2026 | 712.11 |
| Change that session | +1.09% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: medium
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/26/2026 | 765.22 |
| Change that session | +0.69% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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