Microsoft, Alphabet, Amazon face earnings test amid Fed rate decision

Three cloud giants report results around a Federal Reserve meeting, with AI spending and Azure's 45% growth guidance under the microscope Three of the largest companies in tech are about to open their books in the same 48-hour window. Microsoft , Alphabet , and Amazon are set to release quarterly earnings between October 28 and October 29, 2026. The Federal Reserve picked the same week to announce its next rate decision. Wall Street gets two major events in one stretch, which is a lot to absorb before Halloween. The central question for investors is simple to state and hard to answer. Can cloud growth keep pace with the enormous sums these companies are pouring into AI infrastructure? Microsoft goes first, reporting on October 28 after the market closes.

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