Big Tech Earnings Week: Alphabet Wins, Meta Pays the Tab, and the Fed Hasn't Slept in Weeks
From hyperscaler report cards to a four-way Fed dissent and oil above $110 — here's every move that mattered
Ticker Ratings
| Ticker | Rating | Entry Price | Current | $ Gain | % Gain |
|---|---|---|---|---|---|
| GOOGL Alphabet Inc. | buy | $386.14 | — | — | — |
| META Meta Platforms, Inc. | hold | $614.90 | — | — | — |
| AMZN AMAZON COM INC | buy | $263.65 | — | — | — |
| MSFT MICROSOFT CORP | hold | $409.58 | — | — | — |
| AAPL Apple Inc. | hold | $279.96 | — | — | — |
| QCOM QUALCOMM INC/DE | buy | $178.80 | — | — | — |
| PWR QUANTA SERVICES, INC. | buy | $726.00 | — | — | — |
| RBLX Roblox Corp | sell | $42.69 | — | — | — |
| HOOD Robinhood Markets, Inc. | sell | $73.70 | — | — | — |
| SBUX STARBUCKS CORP | buy | $104.58 | — | — | — |
| BKNG Booking Holdings Inc. | hold | $168.57 | — | — | — |
| SOFI SoFi Technologies, Inc. | buy | $16.25 | — | — | — |
Let's start with the scoreboard. $GOOGL was the undisputed MVP of Big Tech earnings week — $109.9B in revenue vs $107.1B expected, Google Cloud up 63% YoY, and shares jumping ~6% after hours. Meanwhile $META dropped ~8% after hiking its 2026 capex guidance to a stomach-churning $125–145 billion — up from under $40B in 2024 — without a convincing answer for when the AI bill comes back as revenue. Investors apparently don't love writing blank checks. $AMZN posted AWS growth of 28%, the highest in ~15 quarters, quietly being the most consistent adult in the room.
Then the Fed walked in and made everything weirder. The FOMC held rates in an 8-to-4 vote — the most dissents since October 1992 — with three hawks pushing to drop the easing bias entirely and inflation language upgraded from "somewhat elevated" to just "elevated." Powell also announced he's staying on as a Governor after his chair term ends, citing concerns about Fed independence. Oil sitting above $110/barrel with a Strait of Hormuz blockade will do that to an inflation outlook.
Elsewhere: $QCOM had its best day in seven years (+15%), $PWR surged 16% on grid buildout mania, $RBLX cratered 21% on a brutal daily-active-user miss, and $AAPL somehow dropped ~5.5% after hours despite beating estimates — because memory price pressure and CEO transition anxiety are apparently stronger forces than a $100 billion buyback. Never change, markets.