Big Tech’s AI spend is still a shot in the dark
Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness
Stellar results from Alphabet, Microsoft and Meta cannot yet be attributed to the technology’s usefulness

Alphabet, Meta and Microsoft divide the market over whether they can translate huge capital expenditure into income

Meta stock drops on capex increase while Alphabet’s cloud business grows faster than rivals Amazon and Microsoft

Earnings hint at growth trajectory despite increases in capital spending

How much AI is the market willing to finance?

Shares of Facebook parent tumble as it increases capital expenditure while Microsoft cloud growth disappoints

Silicon Valley giants have transformed from asset-light cash machines to huge infrastructure investors