Tech companies are driving blowout results this earnings season. But investors aren't rewarding their stocks the way they usually do.

Warner Bros.

Amazon previously estimated it would spend $200 billion on capital expenditures this year. Most of that goes to servers and infrastructure related to artificial intelligence.

Marley Kayden talks highlights the launch of new single-stock futures in the U.S., giving investors another tool to gain leveraged exposure to individual names. She also discusses Amazon's (AMZN) plan to expand its Project Kuiper low-Earth orbit satellite network as competition ramps up from competitors like SpaceX (SPCX) and Rocket Lab (RKLB).

Amazon.com, Inc. remains a Buy ahead of Q2 2026, but the setup is not low-risk due to ongoing AI-driven capex pressures. The investment thesis hinges on AMZN AWS growth and margin resilience, as AWS is the primary driver of high-quality operating income. AMZN's Q2 guidance is strong, with revenue projected at $194B–$199B and operating income at $20B–$24B, but free cash flow remains under pressure from AI infrastructure spend.

With four Mag 7 companies reporting earnings this week, Maria Llerena discusses the CapEx expectations for Microsoft (MSFT), Meta Platforms (META), and Amazon (AMZN) after Alphabet (GOOGL) shares sold off when it increased figures. Nick Raich adds that Wall Street is focused more on the AI spending than profits its generating, urging investors to focus more on earnings than CapEx.

Amazon filed an application with the Federal Communications Commission for a license to operate a new network of 5,105 satellites that would provide service to mobile phones, with plans to start launching them in 2028.

Evaluating the Magnificent Seven on forward-year cash flow reveals surprising value differences, with Meta and Amazon standing out over Tesla and Apple.

Amazon (AMZN, Financials), the e-commerce and cloud computing company, is expanding its satellite ambitions with a proposal to deploy a constellation of up to 5

All eyes turn to big tech names this week: Apple, Amazon, Meta and Microsoft. Q2 S&P 500 profit growth currently stands at 37.9% with 27% of companies having reported. Potential earnings surprises this week: Illinois Tool Works, Xylem, Vulcan Materials, GoDaddy, and more.