Video recap of the April 27 to May 2, 2026 trading week. Five of the seven Magnificent 7 reported Q1-26 earnings inside a 24-48 hour window, and combined AI infrastructure commitments across the four hyperscalers (Microsoft, Meta, Alphabet, Amazon) now exceed $700 billion -- with every one of them raising their capex guide. The earnings week effectively removes the "recession in tech" narrative.
Google notched a fifth consecutive week of gains at fresh all-time highs. Apple traded up to $383. The S&P 500 closed at a new ATH. Oil is ranging between roughly $90 and $110 on the daily, with the next move tied to whether Iran peace talks resolve or escalate. Next week's headline event is Palantir's Q1 earnings on Monday May 4 (9 PM UTC) -- the highest-profile pure-play AI software company tied to US government and defense.
Watch the full breakdown in the video above.
