AI spending is not all equal. Wall Street rewards hyperscalers, punishes DoorDash and Duolingo

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Across the tech sector this earnings season, companies told Wall Street to get ready for ramped up spending as the artificial intelligence boom accelerates. But while investors largely rewarded the megacaps for their boosted capital expenditure forecasts , or just shrugged off their guidance, companies outside the trillion-dollar club are getting punished. DoorDash , Duolingo and Roblox all saw their stock prices suffer double-digit slumps last week after the companies said spending is on the

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