Earnings reports from Meta, Alphabet and Microsoft reaffirm that giants are ramping up their spending on artificial intelligence, as they rush to reap the benefits of an AI boom.

Most of the tech megacaps report quarterly results this week, and investors are particular focused on capital expenditures.

Earnings reports from Meta, Alphabet and Microsoft reaffirm that giants are ramping up their spending on artificial intelligence, as they rush to reap the benefits of an AI boom.

Three of the biggest US tech companies reported record profits and record infrastructure spending on Wednesday, fueling speculation about a possible AI market bubble.

With the largest cloud and internet companies reporting results this week, it's clear that spending on artificial intelligence is only increasing.

Big tech companies including Meta, Alphabet and Amazon are spending billions on AI, but they're not the only ones paying for it as software fees rise.

Meta, Amazon, Alphabet and Microsoft reported quarterly earnings that showed rising digital ad sales and increased AI infrastructure spending.