Big Tech Earnings Focus on AI Spending, Memory Shortages Amid Tariff Concerns (INTC, NVDA, AMZN, GOOGL, MSFT, META, AMD, AAPL)

Intel (INTC) reports earnings Thursday, kicking off a critical Big Tech earnings week centered on AI investments, memory supply constraints, and geopolitical risks from potential Trump-era tariffs. Amazon (AMZN), Google (GOOG, GOOGL), Microsoft (MSFT), and Meta (META) are boosting capital expenditures to meet surging AI demand. Amazon plans $125 billion in 2025 spending, Google raised its 2025 capex to $91–$93 billion, and Microsoft spent $34.9 billion in Q1 alone. Analysts expect AWS revenue up 21%, Microsoft Cloud +25%, Google Cloud +35%, and Meta revenue +30%. PC demand may rise due to Windows 10 support ending, benefiting Intel and AMD (AMD), but global memory shortages threaten pricing and availability. Apple (AAPL) anticipates record iPhone revenue despite softness in China last quarter. Nvidia (NVDA) remains the AI bellwether, though sales into China face hurdles as Beijing restricts GPU purchases even after U.S. approval with a 25% fee. Both Nvidia and AMD await clarity on chip exports post-CES launches.