AI Capacity Crunch Fuels Big Tech Capex Rush
According to Reuters Breakingviews, “AI’s glut-to-drought shift is Big Tech’s big boon”, four giants will pour over $600bn in 2026 as cloud demand outpaces supply, lifting cloud margins and stressing suppliers; analysts flag CAPEX as the decisive factor. [Reuters Breakingviews](https://www.breakingviews.com/columns/considered-view/ais-glut-to-drought-shift-is-big-techs-big-boon-2026-04-29/)
Shareholders Demand Safeguards Over Cloud, Surveillance
According to Reuters, “Alphabet investors push for safeguards on use of its cloud, AI tech”, a coalition of investors has asked for a meeting after Alphabet opposed a disclosure resolution, citing government use and potential MASS SURVEILLANCE risks and urging stronger board oversight. [Reuters](https://www.investing.com/news/stock-market-news/alphabet-investors-push-for-safeguards-on-use-of-its-cloud-ai-tech-4645922)
Markets Tread Carefully Ahead of Big Tech Earnings, Fed
According to Thomson Reuters, “Wall Street futures mixed ahead of Big Tech earnings, Fed meeting”, futures were muted as Microsoft, Amazon, Meta and Alphabet report after the close and investors weigh AI spending vs. returns; corporate results and Powell’s remarks are on the WATCHLIST. [Thomson Reuters](https://wsau.com/2026/04/29/wall-street-futures-mixed-ahead-of-big-tech-earnings-fed-meeting/)
Fed’s divided hold
According to Axios, “Fed holds rates steady amid the most dissents in decades,” as the central bank left its target range at 3.5–3.75% with four officials dissenting, exposing a split over signaling future cuts and keeping markets focused on interest rates ahead of a leadership transition. [Axios](https://www.axios.com/2026/04/29/fed-powell-interest-rates)
Oil surge shakes markets
According to AP News, “Oil prices keep spurting higher, while US stocks edge further from their record heights,” as Brent topped $110 amid Middle East tensions and the UAE’s OPEC exit, lifting Treasury yields and complicating the inflation outlook for policymakers. [AP News](https://apnews.com/article/stock-markets-opec-trump-oil-iran-rates-16286a529f0fbb34ed213005ffda74b2)
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