Magnificent Seven giants Alphabet GOOGL) and Microsoft MSFT) are set to report their quarterly results after market hours on Wednesday, October 28, putting two of the world's largest artificial intelligence and cloud computing companies in the spotlight. With AI spending reaching unprecedented levels, Wall Street will be watching whether accelerating cloud demand, new AI products, and enterprise adoption can justify their massive infrastructure investments. Alphabet's Q3 Expectations: Google Cloud, Gemini & AI Search The Zacks Consensus Estimate calls for Alphabet to post Q3 earnings of $2.94 per share, up more than 2% year over year, with revenue excluding traffic acquisition costs (ex-TAC) projected to jump nearly 28% to $111.8 billion.
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