US Tech Giants Set to Report Earnings Amid Oil Price Surge
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 28 2026
0mins
Should l Buy GOOGL?
Source: Newsfilter
- Earnings Outlook: The four major US tech giants, Alphabet, Amazon, Meta, and Microsoft, are set to report earnings after the market close on Wednesday, with investors eager to understand the impact of soaring oil prices and the memory crunch on capital expenditures since the onset of the Iran war.
- Capex Plans: Despite a roughly 50% increase in oil prices since the war began, analysts do not expect significant swings in capex forecasts, with average estimates for Alphabet, Amazon, and Meta remaining within the guidance provided in January.
- Memory Crisis Intensifies: Memory maker Micron's stock has surged over 550% in the past year, with projections indicating that dynamic random access memory (DRAM) prices could reach $9.71 per gigabyte by 2026, putting pressure on cloud service providers.
- Market Confidence Remains: Despite uncertainties, investor confidence in the AI sector remains strong, as Nvidia's stock hits record highs and the Nasdaq index rises 15% in April, reflecting an optimistic sentiment towards tech stocks.
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Analyst Views on GOOGL
Wall Street analysts forecast GOOGL stock price to fall
33 Analyst Rating
26 Buy
7 Hold
0 Sell
Strong Buy
Current: 397.990
Low
305.00
Averages
374.25
High
400.00
Current: 397.990
Low
305.00
Averages
374.25
High
400.00
About GOOGL
Alphabet Inc. is a holding company. The Company's segments include Google Services, Google Cloud, and Other Bets. The Google Services segment includes products and services such as ads, Android, Chrome, devices, Google Maps, Google Play, Search, and YouTube. The Google Cloud segment includes infrastructure and platform services, collaboration tools, and other services for enterprise customers. Its Other Bets segment is engaged in the sale of healthcare-related services and Internet services. Its Google Cloud provides enterprise-ready cloud services, including Google Cloud Platform and Google Workspace. Google Cloud Platform provides access to solutions such as artificial intelligence (AI) offerings, including its AI infrastructure, Vertex AI platform, and Gemini for Google Cloud; cybersecurity, and data and analytics. Google Workspace includes cloud-based communication and collaboration tools for enterprises, such as Calendar, Gmail, Docs, Drive, and Meet.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Internal Pressure Mounts: Backbench Labour MPs are reportedly planning to blame the anticipated losses on Starmer, which could lead to challenges to his leadership, particularly amid growing disputes over fiscal policy and welfare reforms, further impacting party unity and market confidence.
See More
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- Surge in AI Infrastructure Spending: Nvidia anticipates global data center capital expenditures will rise from $600 billion in 2025 to between $3 trillion and $4 trillion by 2030, indicating significant growth potential that could drive its stock performance ahead of competitors.
- Dominance in GPU Market: Nvidia's GPUs remain the preferred parallel processing units for training and running AI models, and despite the rise of alternatives like Google's TPUs, Nvidia's flexibility keeps it favored among data center operators and AI software companies.
- Capital Expenditure Trends: Alphabet's projection of a significant increase in capital expenditures for 2027 reflects strong confidence in capturing AI opportunities, which will further boost demand for Nvidia's products and support its stock performance over the next three years.
- Long-term Investment Value: While Nvidia has the potential to outperform Amazon and Alphabet, both companies remain solid investments in the cloud computing sector, and once the capital expenditure cycle concludes, they could also deliver impressive returns over the next decade.
See More
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- Stable Market Share: Nvidia maintained an 86% market share in AI accelerator sales in 2025, demonstrating its strong competitive position despite ASIC competition, as its GPUs remain the industry standard in AI workloads.
- Surge in Capital Expenditures: Wall Street analysts now forecast that capital expenditures among the top five hyperscalers will increase nearly 80% to $805 billion in 2026, exceeding previous estimates, which will directly boost demand for Nvidia's GPUs.
- Future Valuation Potential: Brad Gerstner, founder of Altimeter Capital, believes Nvidia is severely undervalued and could reach a market cap of $10 trillion, implying about 100% upside, reflecting the market's underestimation of AI infrastructure demand.
- Rapid Product Iteration: Nvidia plans to shorten its GPU update cycle to 12-18 months, compared to the typical 3-5 years for custom chips, a strategy that will help maintain its technological edge and further solidify its market position in the coming years.
See More
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- Stable Market Share: Nvidia maintains an 86% market share in AI accelerator sales for 2025, demonstrating its strong competitive position in the AI sector despite customers gradually adopting ASICs, which have not dented its dominance.
- Surge in Capital Expenditure: Morgan Stanley forecasts that capital expenditures among the top five hyperscalers will increase nearly 80% to $805 billion by 2026, which will further drive demand for Nvidia's GPUs and solidify its status as the industry standard.
- Optimistic Future Valuation: Altimeter Capital's CEO Brad Gerstner believes Nvidia will become the first $10 trillion company, while I/O Fund's Beth Kindig predicts a market cap of $20 trillion by 2030, indicating significant upside potential for shareholders.
- Accelerated Technology Update Cycle: Nvidia plans to shorten its GPU update cycle to 12-18 months, compared to competitors' 3-5 year cycles, a strategy that will help it maintain a leading edge in a rapidly evolving market and enhance its market appeal.
See More
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- Post-Split Performance: Amazon's 20-for-1 split on June 3, 2022, resulted in a 124% stock price increase, while Alphabet's similar split on July 15, 2022, led to a remarkable 250% rise, showcasing the positive impact of splits on stock prices.
- Industry Impact: Although Netflix's 10-for-1 split in 2025 resulted in a 20% decline, the uncertainty surrounding its acquisition of Warner Bros. illustrates that company fundamentals and market dynamics have a more significant influence on stock prices than the split itself.
- Investor Insights: Stock splits do not alter a company's fundamentals, but if a quality company continues to achieve earnings growth post-split, investors may see new opportunities for returns, highlighting the importance of selecting high-quality companies.
See More
Analysis of Tech Giants' Stock Splits
- Reason for Stock Splits: Amazon, Alphabet, and Tesla executed stock splits in mid-2022 after experiencing triple or quadruple-digit gains over the previous three years, aiming to lower share prices to attract more investors and potentially initiate a new growth phase.
- Price Performance Review: Prior to their splits, Nvidia's stock surged over 200% in the three years leading up to the split, while Netflix's stock skyrocketed more than 300% in the two and a half years before its split, indicating that strong pre-split performance set the stage for future growth.
- Post-Split Performance: Although Netflix's stock split occurred recently, making direct comparisons challenging, historical data suggests that companies that have completed stock splits often see their share prices rise again over the long term, providing returns to investors.
- Investor Strategy Insights: Stock splits do not affect a company's fundamentals, so investors should focus on earnings growth and prospects; if a quality company continues to deliver growth post-split, it may yield substantial returns once again.
See More
