Capex Rises and Shows Promising Future for U.S. Tech Giants -- Market Talk

Dow Jones04-30 18:01

1001 GMT - Latest results from Google, Microsoft, Amazon, and Meta show that capex as well as demand for semiconductor chips from Nvidia, Broadcom and AMD will continue to rise, Quilter's Ben Barringer says. The earnings reports showed Google as the top performer, while Meta's stock is likely to be weighed down as a result of recent court cases around social media use for adolescents. "All in all, it is clear that demand for AI shows no sign of slowing down, and as such capex will remain high amongst the hyperscalers," Barringer says. Meeting expectations, Microsoft begins to monetize copilot and moves to a consumption charging model, the analyst adds. (julia.nasser@wsj.com)

(END) Dow Jones Newswires

April 30, 2026 06:01 ET (10:01 GMT)

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