The Mag 7 Earnings Gauntlet Begins: Four Reports That Could Reset the Market

The article previews a critical 48-hour stretch of Q1 earnings — led by Meta (primary), Microsoft, Alphabet, Amazon and Apple — that could re‑set market direction. It stresses that investors will focus on hyperscaler capex and cloud revenue trends to justify massive AI infrastructure spending. Market positioning is uneven (Meta, Amazon, Google strong month-to-date; Microsoft and Apple weaker YTD). Key signals are cloud growth rates and ad pricing; if cloud growth sustains and capex guidance stabilizes, stretched tech names could rally, but rising capex without supporting revenue (or weakening RPO metrics) could spark an AI ROI selloff.