Big tech remains in the capital-expenditure spotlight, with Meta guiding a 2026 capex run-rate of roughly $125–145 billion (midpoint up about $10 billion) as it adds data-center capacity for AI workloads amid higher component costs, while Microsoft, Alphabet, and Amazon forecast even larger outlays, and investors watch for payback timelines.

Meta reported Q1 revenue of $56.31 billion, up about 33% year over year, but the shares slipped in after-hours trading as the company lifted full-year capex guidance to fuel AI computing needs and the CEO cautioned there is no fixed monetization plan for AI products.

Bitcoin recently shifted from a multi-month downtrend to relative strength versus equities and gold, suggesting a near-term upside if quantum-resistant upgrades gain momentum.

Nvidia remains central to AI spending bets, even as market sentiment weighs high-valuations and the risk that returns don’t meet expectations.

Analysts frame Nvidia’s financing choices and policy considerations as influential to growth opportunities and risk management for the company and its shareholders.

The Nikkei 225 currently shows a technically bullish setup but faces near-term volatility as traders monitor oil prices, inflation, and Bank of Japan signals.

Weak OpenAI earnings signals are seen as a potential threat to the broader AI investment rally that has supported U.S. stock records, even as more market-moving results loom this week.

Early positions in frontier AI labs are shifting infrastructure commitments and model development dynamics, with Nvidia seeking to capitalize after admitting a missed window.

Competition in AI, including Anthropic’s progress in coding and enterprise applications, is shaping sentiment for Nvidia and the sector.

NVIDIA’s market value surpasses $5 trillion, more than double the entire cryptocurrency market, with major cryptos underperforming by comparison.

Banks like BofA Securities see upside for Nvidia and maintain a Buy rating with a $300 price target, arguing that its ecosystem investments could justify stronger returns and broaden its investor base.

Investors await Nvidia’s late-May earnings to gauge Blackwell shipments, gross margins, and guidance, which could accelerate or temper the rally.