Big Tech's AI splurge worries investors about returns ahead of Amazon results

Business

:Big technology companies including Microsoft and Meta are stepping up spending to build out AI data centers in a rush to meet vast demand, but Wall Street is hungry for a quicker payday on the billions invested. Microsoft and Meta both said on Wednesday their capital expenses were growing due to their AI investments. Alphabet, too, reported on Tuesday that these expenditures would remain elevated. Amazon, which is set to report results on Thursday, is likely to echo these forecasts. The

Big Tech's AI splurge worries investors about returns ahead of Amazon results https://www.channelnewsasia.com/ - 31.10.2024 12:20

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Big Tech's AI splurge worries investors about returns ahead of Amazon results https://www.channelnewsasia.com/ - 31.10.2024 12:20