Tech giants worth $10 trillion report earnings amid AI spending fears

The upcoming earnings reports from three of the world's largest technology companies come at a delicate moment for the stock market. Normally, healthy growth from such heavyweights would be seen as a stabilizing force. But this time, Wall Street's attention is fixed on two data points: the scale of artificial intelligence spending and the timeline for meaningful returns. The violent market reaction to Meta Platforms' rising capital expenditures last week underscores how unforgiving investors have become. As John Belton of Gabelli Funds put it, investors have "absolutely no patience right now for higher capex." He added that while the market can ignore problems for a while, eventually spending will have an impact or at least create a more fragile market. The week's reports will show whether these tech giants can clear that bar.