Big Tech's multi-billion dollar AI bets are still on track as Mag 7 giants report earnings
Burns Brief
The four Mag 7 giants reported quarterly results on Wednesday, showing that they are still on track to spend multi-billion on AI Market participants are carefully weighing the implications, with the outcome likely to depend on broader macro conditions and volume. Watch for volume confirmation — a breakout above average volume would signal the trend is likely to continue.
The four Mag 7 giants reported quarterly results on Wednesday, showing that they are still on track to spend multi-billion on AI. Here is what it means for crypto.
Key Takeaways
- The four Mag 7 giants reported quarterly results on Wednesday, showing that they are still on track to spend multi-billion on AI