Ali Mogharabi peels back the layers behind several Mag 7 companies' ongoing AI initiatives. For Meta Platforms (META), he assesses Mark Zuckerberg's foray into AI and examines the increased capex costs facing the Facebook and Instagram parent company. Later, Ali says Alphabet (GOOGL) cloud growth was "striking" and highlights its position in AI with Gemini showing positive signals. For Amazon (AMZN), he points to "reacceleration of AWS cloud growth" but also a $20B run rate from its Trainium chips.