The four tech giants report Q1 2026 after the close on April 29 as Powell gives his final FOMC press conference. Collectively they plan roughly $600B of AI infrastructure spending in 2026 (Amazon ~$200B, Alphabet $175–185B, Microsoft $146B, Meta $115–135B). Markets are focused on whether that capex is producing measurable revenue acceleration — cited thresholds: Azure growth >38%, AWS >25%, Google Cloud >48%, and Meta ad margins >40%. A miss or higher capex guidance could prompt risk‑off selling that hurts Bitcoin via its growing correlation with AI tech stocks and Nvidia; the article notes a February 2026 episode where top AI tokens fell >20% and Bitcoin dropped. A broad beat would remove an overhang for risk assets into May.

Facts: four majors report after hours while Powell speaks; combined ~ $600B AI capex planned (breakdowns provided); specific cloud/ad monetization thresholds were cited as market-readiness indicators; a miss or raised capex guidance could trigger risk‑off and hurt Bitcoin via its correlation with AI tech stocks and Nvidia; February 2026 saw top AI tokens fall >20% and Bitcoin decline after weak capex-to-revenue justification.