Tech Giants Apple, Microsoft, and Alphabet Drive Earnings Growth with AI, Cloud, and Services
Three tech giants - Apple, Microsoft, and Alphabet - have market capitalizations above $3.7 trillion and strong earnings growth driven by AI, cloud, and services.
Apple benefits from iPhone 17 demand, growing services revenue, and a $100 billion buyback.
Microsoft's Azure cloud and AI offerings fuel revenue growth, though high capital expenditure pressures cash flow.
Alphabet leads in revenue growth with Google Cloud and AI adoption but faces negative free cash flow and increased debt.