Big Tech groups race to fund unprecedented $660bn AI spending spree
Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets
Executives face choice between cutting returns to shareholders, raiding reserves or tapping the markets

Stocks tumble despite strong earnings reports from most Silicon Valley heavyweights

How much AI is the market willing to finance?

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

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

Earnings hint at growth trajectory despite increases in capital spending

US tech giants including Alphabet and Amazon are tapping foreign debt market at an unprecedented rate