Big Tech’s ‘breathtaking’ $660bn spending spree reignites AI bubble fears
Stocks tumble despite strong earnings reports from most Silicon Valley heavyweights
Stocks tumble despite strong earnings reports from most Silicon Valley heavyweights

Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

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

How much AI is the market willing to finance?

Earnings reports of major players show how artificial intelligence services are boosting revenues

Nasdaq drops as recent high-flying companies pull market lower

Earnings hint at growth trajectory despite increases in capital spending