Amazon is integrating Luna cloud gaming into Prime Video while Microsoft tests ad-supported streaming of owned titles.

Alphabet's Q2 results raise expectations for the upcoming Mag 7 earnings reports from Microsoft, Meta, Apple, and Amazon.

A preview of the week ahead highlights Big Tech earnings from Microsoft, Meta, Apple, and Amazon, the Fed decision, and consumer confidence data.

Tesla, Google, Meta, Amazon, and Microsoft are losing billions in valuation.

Investor concerns over AI spending costs have set a cautious tone ahead of earnings from Microsoft, Amazon and Meta, with an expert saying that spending restraint by Magnificent 7 companies could reward their shares.

Next week's earnings season features reports from Microsoft, Meta, Apple, Amazon, Visa, Boeing, Coca-Cola, ARM, Qualcomm, Lam Research, Exxon Mobil, and Chevron, with focus on AI spending, tariffs, and consumer demand.

Nvidia CEO Jensen Huang wrote an open letter defending open-weight AI models that compete with OpenAI and Anthropic.

Nvidia, Meta and 23 other companies signed a letter urging Washington to protect open-weight AI models; Google, Amazon and closed labs did not sign.

Hyperscalers face margin pressure from soaring AI capex costs after years of strong gains.

Citigroup declared the Magnificent Seven technology stocks dead, with some members showing deteriorating charts.

Major technology stocks posted modest premarket gains; Intel rose 4% on stronger-than-expected Q3 guidance, Amkor rallied 11% after securing a $1.5 billion multi-year Nvidia agreement, and Oracle gained 2.6% following a $3.31 billion DoD contract award.

U.S. stock market faces headwinds from a scheduled Federal Reserve meeting on interest-rate policy and major technology earnings reports from Microsoft, Amazon, Meta, and others, following recent declines in Alphabet and Tesla shares.

Mag7 basket fell 4.80% in a single day, marking its largest one-day decline in five years according to Goldman Sachs.

The 'Magnificent Seven' stocks lost $797 billion in market value on July 23, marking their worst day since April 2025.

Big Tech companies including Meta, Alphabet, Microsoft, Amazon and Oracle are reportedly carrying $1.65 trillion in off-balance-sheet debt related to AI investments, potentially bringing their total obligations to around $3 trillion.

Alphabet has matched Amazon's $200 billion capital expenditure guidance; Amazon may announce higher capex on July 30 as CEO Andy Jassy commits to being a meaningful AI leader.

The Magnificent Seven technology stocks fell $767 billion in a single day, their largest one-day decline since April 2025, as earnings from Alphabet and Tesla raised doubts about the artificial intelligence trade.

Google, Amazon, Meta, and Microsoft will spend approximately $1 trillion on AI capital expenditures in 2027.

Nvidia, Alphabet, and Amazon earnings reports will reveal a key income source that materially affects S&P 500 earnings overall.