How Amazon and Alphabet Are Splitting Apart in June 2026

The S&P 500 sits at 7,610, up 1.2% over the past five days. But beneath the broad index calm, two mega-cap tech stocks are moving in opposite directions: Alphabet has dropped 6.9% in the same span, while Microsoft has surged 6.9%. In this episode, Lucas and Luna dig into the divergence. They zero in on Alphabet's Google Cloud earnings miss in late April and the market's shifting view of its AI spending versus Microsoft's clearer payoff. Lucas explains why the market is now rewarding companies that show AI revenue, not just AI ambition, and why Amazon's 5.6% drop belongs to a different story — e-commerce saturation and AWS margin pressure. They also touch on the Goldman Sachs call to favor mainland China AI hardware over Hong Kong stocks, and what Fed Chair Warsh's early hires signal for rate policy. If you've been watching the Mag Seven and wondering why they're no longer moving in lockstep, this episode gives you the specific earnings and positioning data to understand the split. #Alphabet #Microsoft #Amazon #GoogleCloud #AWS #AIRevenue #MagSeven #S&P500 #BigTechDivergence #CloudComputing #AIInfrastructure #EarningsSeason #GoldmanSachs #ChinaAI #FedPolicy #StockMarket #Business #Finance Keep every episode free: buymeacoffee.com/fexingo