Tech giants commit $710B to AI Capex amid mixed market reactions and Fed's historic split vote.

Amazon, Microsoft, Google, and Meta announced a combined $710 billion investment in AI capital expenditures for 2026, signaling strong growth expectations in AI technology. Google's CEO Sundar Pichai highlighted being 'compute-constrained,' emphasizing the demand for computing power. Market reactions varied: companies like Apple, Amazon, and Google that are already monetizing CapEx saw stock gains, while Meta and Microsoft, still in heavy investment phases, faced stock declines. The Federal Reserve's recent 8-4 split vote on interest rates—the most divided since 1992—adds uncertainty to economic outlooks, influencing investor sentiment. Upcoming earnings reports, especially from AMD, and labor market data will be key to watch for further market direction.