Big Tech's $720B AI data center spree hits Wall Street
big tech companies plan to spend at least $720 billion on ai infrastructure this year, sparking wall street concerns about returns on investment.
amazon, microsoft, alphabet, and meta have committed to spending at least $720 billion on capital expenditures this year, with most of it going towards ai infrastructure. this is on top of over $1 trillion in spending commitments arranged for the coming years. despite revenue growth, wall street is starting to worry about the return on investment for ai, as big tech companies continue to double down on ai spending. alphabet's google cloud revenue more than doubled, but its core search business growth slowed.