Four of the Magnificent Seven tech giants—Microsoft, Alphabet, Meta, and Amazon—are on track to meet their substantial AI spending targets for 2026, as revealed in their latest earnings reports. Despite not detailing AI expenditures, these companies continue to invest heavily in AI infrastructure, with a combined market cap of approximately $12 trillion. This investment trend is influencing the digital asset sector, particularly bitcoin miners, who are diversifying by hosting AI computing infrastructure. Microsoft reported fiscal Q3 2026 revenue of $82.9 billion, surpassing expectations, with its AI business generating $37 billion, a 123% increase year-over-year. Alphabet highlighted AI as a growth driver, with Q1 2026 revenue of $109.9 billion, and Google Cloud revenue rising 63% to $20 billion. Amazon's Q1 2026 revenue reached $181.5 billion, with significant AI-related infrastructure spending impacting cash flow. Meta increased its capital expenditure outlook to $125–145 billion, driven by AI infrastructure costs, reporting Q1 2026 revenue of $56.31 billion. Following these results, Microsoft shares fell 2.4% in after-hours trading, Alphabet rose 6%, Meta dropped 6.6%, and Amazon declined 3.7%. Bitcoin also saw a 0.9% decrease in the last 24 hours. The market's next focus will be on Nvidia's earnings report on May 20, which could further influence sentiment and strategies in the tech and crypto sectors.