Wall Street is focusing on revenue and profits for the first-quarter earnings of major tech companies such as Amazon, Alphabet, Meta Platforms, and Microsoft. Analysts are looking for hard evidence that the AI buildout is translating into future returns. Investors are also looking for strong topline numbers supportive of expansion and continued investment plans. The decisive factor for stock movements will be signs of flowthrough to earnings. Key areas to watch for Google include performance of cloud divisions, deployments of chatbots and other products, and partnerships with companies like OpenAI and Anthropic. Microsoft is facing some negative sentiment, particularly from high-frequency community. Key questions include whether Azure and other Microsoft cloud services will continue to grow at a 40% annual clip, and whether they're driving the company's cap-ex.