Microsoft earnings to spotlight Azure growth, AI spending

Investors are closely monitoring Microsoft and Alphabet earnings to evaluate growth within Azure and cloud-computing sectors. As AI spending skyrockets, Alphabet's Q2 earnings report is considered crucial to demonstrate a clear return on these significant investments. The focus remains on whether the surge in AI expenditure translates into strong cloud business growth. These financial results will highlight the operational impact of AI spending for the second-largest company by market cap and its competitors.