There’s a new Magnificent 7, and it’s called the Fusty 5 Markets The success of the ‘Magnificent 7’, a group of technology companies so called for their historic stock market performance and gargantuan scale, has to many been the defining market story of the past half-decade. The seven hyperscalers – which include Alphabet, Amazon and Nvidia – have carried the American stock market to a years-long streak [...]
Google’s 100-year bond ‘plays into’ AI bubble fears Markets A rare 100-year bond issued by the owner of Google will compound fears that tech firms’ historic debt-fuelled capital expenditure is evidence of an AI bubble. But, this is a shot in the arm for the UK’s stuttering credit market, analyst have said. Alphabet raised £1bn of an astronomical $32bn (£23.4bn) borrowing spree via a [...]
Will Alphabet’s century bond start a new trend? A brief history Markets This week Google owner Alphabet raised £1bn in a highly unusual century bond, in a sign of the extreme lengths tech firms are willing to go to to meet the ballooning capital costs of investment in AI. The 100 year sterling note formed part of a $32bn debt raise for Alphabet, following similar moves from [...]
Waymo raises $16bn ahead of London launch February 3, 2026 Alphabet-owned Waymo has raised $16bn (£12.6bn), valuing the self driving vehicle company at $126bn, as its London launch edges closer. The investment round, led by Dragoneer, DST Global and Sequoia, comes as the firm steps up preparations for its UK debut, with its cars already spotted testing on the streets of the capital. London is [...]
Amazon and Alphabet’s AI spending faces billion-dollar litmus test February 2, 2026 Investors will get a clearer read this week on whether Big Tech’s vast AI spending is turning into real returns, as Alphabet and Amazon report earnings amid heightened market sensitivity to cloud growth, margins and costs. Both tech giants sit at the centre of the AI boom, but recent volatility in US tech stocks has [...]
Billion-dollar regulatory fines fail to dent Big Tech January 29, 2026 For the world’s biggest tech firms, regulatory penalties are no longer a consequential financial event. Alphabet, Apple, Meta and Amazon were fined a combined $7.8bn (£6.2bn) in 2025 for breaches of competition and privacy rules, according to a new Proton report. And while that sounds like a hefty number, in practice, it would have taken [...]
Big Tech’s AI borrowing boom tests US bond market January 27, 2026 Big Tech is on track to become the dominant force in the US corporate bond market, as the race to build AI infrastructure drives an unprecedented surge in borrowing that is beginning to worry investors. By the end of the decade, around half of the 10 largest borrowers in the US bond market will be [...]
Waymo accelerates London rollout despite US safety probe January 26, 2026 Waymo is stepping up preparations for its UK rollout after its driverless vehicles were spotted on the streets of London, as the Alphabet-owned firm faces safety scrutiny in the US. The self-driving vehicle firm has confirmed it is testing its robotaxis in the capital ahead of a planned passenger launch this year, marking its second [...]
The Magnificent 7 in 2025 – and the survival of the richest December 31, 2025 In the spirit of end-of-year round-ups, it is worth scrutinising the fortunes of the so-called Magnificent Seven: Apple, Microsoft, Alphabet, Amazon, Meta, Nvidia, and Tesla and their dominance of global equity markets, which shows no signs of abating. Yet 2025 was a year that highlighted both the extraordinary influence and the vulnerabilities of these mega-cap [...]
Big Tech cashes in on £1 trillion ad market boom December 11, 2025 The global ad market is booming, with spend forecast to reach $1.19 (£1.04) trillion in 2025, up 8.9 per cent from last year, according to WARC’s recent report. Growth is projected to accelerate to $1.30 trillion in 2026 and $1.40 trillion by 2027, a doubling in size since the pandemic. But while the market is [...]