Tech's $380 billion splurge: This quarter's winners and losers of the AI spending boom

Business

Tech's internet giants have made it through earnings season, and they offered a consistent message to Wall Street: Artificial intelligence investments are only getting bigger. Alphabet , Meta , Microsoft and Amazon each lifted their guidance for capital expenditures and now collectively expect that number to reach over $380 billion this year. Microsoft's forecast was for fiscal 2026, which ends in June. The companies are racing to build out infrastructure for what they say is virtually

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