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Five Mag 7 tech giants report earnings next week amid $650B AI data center spend focus

Company Fundamentals
24 Apr 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Next week, five of the major Mag 7 tech companies, including Alphabet, Amazon, and Apple, will report earnings. Investors are closely watching their capital expenditures on AI and the returns from these investments, as hyperscalers are projected to spend $650 billion on data centers this year. Celestica, a key supplier to these hyperscalers, is highlighted as a strong buy with expected earnings per share growth of 73% in Q1 2026, benefiting from AI-driven demand. This earnings season will provide insights into how these tech giants are positioning themselves in the evolving AI landscape.

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