5 of the biggest US know-how corporations report quarterly outcomes this week, and the outcomes might push Bitcoin (BTC) and broader crypto markets in both path, given the unusually tight hyperlink between digital belongings and Nasdaq equities.
Microsoft, Alphabet, Meta, and Amazon launch Q1 figures after the closing bell on Wednesday, April 29, with Apple following on Thursday. Traders are targeted on income progress, revenue margins, and AI capital expenditure plans for the remainder of 2026.
Large Tech AI Capex Will Drive the Response
Capital expenditure steerage has overtaken headline earnings as essentially the most market-sensitive line merchandise. Meta has focused $115 billion to $135 billion for 2026, a rise of no less than 59% 12 months over 12 months.
Microsoft, in the meantime, is on monitor to spend roughly $146 billion on AI and cloud infrastructure in fiscal 2026.
Alphabet has maintained a $175 billion to $185 billion capex vary. Amazon, by comparability, is planning a $200 billion outlay, greater than 50% increased than in 2025.
Mixed hyperscaler AI spending is predicted to exceed $160 billion this quarter alone.
Bitcoin Tracks Nasdaq Extra Carefully Than Ever
BTC’s common correlation with the Nasdaq 100 climbed to 0.52 in 2025, up from 0.23 the 12 months earlier than. Nevertheless, the hyperlink tightened additional in early 2026, with one analyst monitoring the rolling correlation at 0.75 in January.
That coupling has already produced direct contagion this 12 months. After Microsoft’s January earnings stoked considerations about AI spending, the inventory fell greater than 10% in after-hours buying and selling. Bitcoin briefly slipped to about $83,460 the identical day.
A repeat of that sample is feasible if any of the 5 reviews disappoint on capex returns. Sturdy outcomes, in contrast, might elevate danger urge for food throughout each equities and crypto markets within the coming classes.
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