In an NYSE Live interview with Kristen Scholer, Phil Rosen, Chief Market Strategist at Opening Bell Daily, discussed Big Tech earnings, including Alphabet and Amazon, as these companies keep investing heavily in AI infrastructure. He argued that investors are placing too much emphasis on a quarterly decline in Alphabet's free cash flow, while the company's leadership in search, cloud, AI, and businesses such as YouTube and Waymo supports long-term growth, with rapid growth at Gemini cited as evidence of competitiveness. Rosen said AI capital spending is a bigger market driver than the Federal Reserve's decision to leave interest rates unchanged, and that leading hyperscalers will keep investing regardless of small rate changes. He expects investors to keep focusing on AI adoption, enterprise spending, cloud growth, and capital investment strategies.
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Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/28/2026 | 725.61 |
| Change that session | +0.60% |
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