Big Tech earnings put spotlight on AI and memory shortage as Trump tariff threats ease for now

Group 1: Earnings Reports and Market Trends - The first Big Tech earnings of the year will begin with Intel reporting results, with a focus on AI monetization and spending from major companies like Amazon, Google, Microsoft, and Meta [1] - Investors are particularly interested in PC chip sales from AMD and Intel, which may benefit from Microsoft's end of support for Windows 10, although a global memory shortage could negatively impact sales outlooks [2] - Apple's earnings are expected to show solid growth driven by strong iPhone sales in the fourth quarter [2] Group 2: AI Spending and Infrastructure - Major AI spenders such as Amazon, Google, Meta, and Microsoft are expected to continue significant investments in data centers, with Amazon planning to spend $125 billion in 2025 and even more in 2026 [5] - Google has raised its 2025 capital expenditures forecast to between $91 billion and $93 billion, up from $85 billion, with further increases anticipated in 2026 [6] - Meta has also increased its 2025 capital expenditures projection, now estimating between $70 billion and $72 billion [6] - Nvidia's CEO highlighted the ongoing AI infrastructure buildout, stating that trillions of dollars in infrastructure still need to be developed despite existing investments [7]