Woofun AI reports that Alphabet and Microsoft will release Q2 2026 earnings on July 29 (UTC+8), while Amazon reports on July 31 (UTC+8). Market attention has shifted from AI investment volume to capital expenditure return validation.

Investors are monitoring whether AI-related CapEx growth aligns with revenue generation. Key metrics include Google’s Gemini commercialization and ad impact, Microsoft’s Azure AI growth and OpenAI-driven demand, and Amazon’s AWS expansion and free cash flow trends.