- Alphabet and Microsoft are both due to report earnings after the bell on Wednesday, Oct 28, 2026.
- Microsoft shares have soared 36% since its July 29 earnings report, which showed the fastest cloud growth in four years and the stock's best day since 2008.
- Wall Street is increasingly scrutinizing how heavy AI spending is weighing on corporate bottom lines, and investors give Microsoft an edge over Alphabet based on recent trading.
- Upcoming Microsoft, Alphabet, and Amazon earnings will show whether heavy AI and data-center investments are paying off.
- Fears over AI debt have eased after a bout of volatility, but the earnings reports and Oracle's Investor Day later Wednesday are further tests for AI debt.
Quotes
“recent stock market trading indicates that investors give Microsoft an edge”