Tech stocks surge on AI bet as Microsoft, Google, Amazon, Meta, and Apple prepare earnings reports this week

US tech stocks have rebounded after months of underperformance, driven by investor appetite for companies with AI exposure—so much so that The Wall Street Journal noted investors are 'willing to buy anything with an AI label slapped on it,' despite lingering bubble concerns.

Dell CEO Michael Dell told Semafor the AI demand surge is genuine, not a bubble, because 'bonkers' customer demand for AI hardware and services is outstripping what companies can actually supply—meaning orders are backed by real customer need, not speculation.

This week, five mega-cap tech companies (Alphabet, Microsoft, Amazon, Meta, Apple) will report earnings; investors are watching closely for proof that their heavy AI spending is translating into revenue and profit, not just cost. Weak results could trigger a correction if the AI enthusiasm proves premature.