Big Tech’s $400B AI Race Sparks Investor Unease As Markets React To Heavy Spending And Unclear Long-Term Returns
Benzinga
2025-10-31
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Meta, Microsoft, Amazon, Alphabet, and Apple plan to pour $400 billion into AI this year, with even higher spending expected in 2026. Executives cited massive demand for computing power and cloud capacity as AI scales rapidly. Market reaction was mixed, with Meta down 11% and Amazon up 10% after hours.
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