Alphabet Changed Wall Street’s Favorite AI Metric: Microsoft and Meta Are Up Next
Wall Street has a new AI obsession: CapEx. Alphabet, Microsoft and Meta are racing toward more than $1 trillion in annual AI infrastructure spending.
Big tech companies are spending huge amounts of money building AI computer systems, and investors now watch this spending closely to see who's winning the AI race. When a company spends a lot on AI infrastructure, it tells you they believe AI is super important to their future.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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