No. of Recommendations: 3
I think Microsoft's strong earnings report drove AI stocks higher today. Amazon reported strong results after the market close, and so the rally may continue tomorrow.
The Situational Awareness hedge fund collapse is interesting. Leverage and shorting can be devastating if badly managed.
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Stocks Settle Sharply Higher as Microsoft Leads a Surge in Tech Stocks
Rich Asplund - Barchart - Thu Jul 30
"Stock indexes settled sharply higher on Thursday after strong growth at Microsoft reassured investors that massive spending on artificial intelligence is starting to pay off. Microsoft surged more than +15% after reporting that Q4 Azure and other cloud services revenue ex-forex rose +43%, better than the consensus of +39.3% and the fastest quarterly growth in four years. Microsoft's positive earnings also eased AI spending concerns and fueled a sharp rally in chipmakers and AI-infrastructure stocks, pushing the overall market even higher. The markets will get another look at megacap earnings when Amazon.com and Apple report after Thursday’s close. On the negative side, Meta Platforms fell more than -7% after a disappointing revenue forecast."
quoted from
barchart.com - Stocks settle sharply higher as microsoft leads a surge in tech stocksAmazon to boost spending on AI and other technology by $20 billion after strong Q2 results
Anne D'innocenzio - Associated Press - July 30, 2026 after market close
"Amazon said it will be increasing this year's capital spending on technology, mostly artificial intelligence, by an additional 10% after the tech and e-commerce giant delivered strong profits and net sales during for fiscal second quarter, helped by surging growth in its prominent cloud computing unit. The Seattle-based company said Thursday that sales in its cloud computing unit called AWS rose 37% during the April-June period, faster than the 28% clip in the previous quarter and marking the fastest rate of growth in 18 quarters."
barchart.com - Amazon to boost spending on AI and other technology by billion after strong q2 results 