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Big Tech Under Pressure: AI, Data Centers, Tariffs & Market Moves — The Close 7/24/2026
Market close roundup: AI spending, data-center demand, tariffs, top stock calls, Tesla, ETF trends and battery innovation with leading strategists and industry CEOs.
Editorial companion
What stands out
Bloomberg's The Close on July 24 flagged a common market tension: Big Tech feeling pressure as AI spending debates collide with higher-rate realities and uneven data center demand. That line of debate matters for payments and fintech infrastructure firms such as Fidelity National Information Services (FIS), because slower enterprise tech budgets and tighter merchant activity can reduce transaction volumes and service revenue. Guests ranged from macro strategists to hardware analysts, which framed the story as broader capital-allocation hesitation, not just a chip-cycle wobble.