Microsoft and Meta Show Big Tech Is Eating the Markets, the Economy, and the World - Barron's
1. Microsoft's market cap surpassed $4 trillion driven by strong quarterly earnings. 2. Revenue grew to $282 billion, expected to hit $320 billion in 12 months. 3. Microsoft plans $120 billion capital spending mainly on AI data centers. 4. Demand for cloud services continues to grow amid strong backlog of $368 billion. 5. Big tech capital expenditures are expected to boost U.S. GDP significantly.