The Great AI Squeeze: High Costs Take Center Stage in Hyperscalers’ Earnings Reports

Published on February 10, 2026

The AI spending scare that rattled investors during Microsoft’s earnings call nearly two weeks ago intensified last week as Alphabet and Amazon followed suit. On Wednesday, Google’s parent company reported record annual revenues exceeding $400 billion and a 48% surge in Google Cloud growth.

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Kestra’s Bluespring makes an early splash in 2026 with a deal for a 50-person team with seven producing advisors.

Tax-Aware Investing in a Changing Policy Landscape

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For high-net-worth individuals, investing success is not singularly defined by returns. Taxes, often the single most considerable drag on long-term wealth, play an equally critical role. As tax policy continues to evolve, the difference between a reactive approach and a coordinated, tax-aware strategy can be substantial.