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Why Big Tech's $700 billion AI splurge is misleading

By Business Insider May 01, 2026 Bearish
Why Big Tech's $700 billion AI splurge is misleading
Rising component prices are driving Big Tech's AI spending surge. Microsoft and Meta's capital expenditure hikes largely result from higher component prices.
Rising component prices are driving Big Tech's AI spending surge. Microsoft and Meta's capital expenditure hikes largely result from higher component prices.