Miner Company
Big Tech's $700 billion spending on AI this year is called the ‘greatest capital misallocation in history'
Investors were already uneasy last quarter when Alphabet, Amazon.com, Meta Platforms and Microsoft announced plans to spend a cumulative $650 billion on artificial intelligence in 2026. So when three of the four hyperscalers shared plans to spend even more on Wednesday, those concerns were amplified.
Investors were already uneasy last quarter when Alphabet, Amazon.com, Meta Platforms and Microsoft announced plans to spend a cumulative $650 billion on artificial intelligence in 2026. So when three of the four hyperscalers shared plans to spend even more on Wednesday, those concerns were amplified.