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Big Tech Stocks Storm Back as AI Fears Fade and Euphoria Resumes

Bloomberg Markets Friday 07 August 2026, 10:30 UTC By Jeran Wittenstein and Rainier Harris 1 min read
Key Points

Big Tech Stocks Storm Back as AI Fears Fade and Euphoria Resumes After spending much of the year in the stock market doghouse over fears about their profligate spending on artificial intelligence, the world’s biggest technology companies are suddenly leading the way once again. The trigger was a pair of earnings reports last week showing that AI-related revenue growth is accelerating for what up until recently were two of the group’s worst performers, Microsoft Corp. and Amazon.com Inc.

Big Tech Stocks Storm Back as AI Fears Fade and Euphoria Resumes After spending much of the year in the stock market doghouse over fears about their profligate spending on artificial intelligence, the world’s biggest technology companies are suddenly leading the way once again. The trigger was a pair of earnings reports last week showing that AI-related revenue growth is accelerating for what up until recently were two of the group’s worst performers, Microsoft Corp. and Amazon.com Inc.
Big Tech (ORG) Euphoria Resumes Big Tech (ORG) Microsoft Corp. (ORG) Amazon.com Inc. (ORG)
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