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Barrage of Big Tech Earnings Beat Estimates to Mixed Reaction
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April 29, 2026
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12:02Now PlayingFour tech giants beat analyst estimates as Amazon, Alphabet, Meta and Microsoft reported earnings after the bell, exposing a significant share of the market as traders reacted. Bloombeg's Ed Ludlow and Anurag Rana, along with Ron Westfall, HyperFRAME Research Infrastructure and Networking VP & practice leader, gave their initial reaction to the reports Meta shares fell in the immediate aftermarket after the company told investors it was increasing its capex for the year, citing rising AI investment costs. While Microsoft's cloud business narrowly beat estimates, it was not enough to ease concerns around its artificial intelligence strategy, as investors fear its not doing enough to capitalize on the AI market. Alphabet beat estimates across the board, with results spurred particularly by strong growth in its cloud computing unit. Amazon reported the largest cloud sales growth since 2022, bolstered by deals with Anthropic and OpenAI.
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