Big Tech's $600 billion spending plans exacerbate investors' AI headache

Alphabet and Amazon, members of the so-called Magnificent 7 group of the largest US companies, revealed plans this week to spend much more than anticipated on AI infrastructure

A planned $600 billion artificial intelligence spending splurge by big tech firms in 2026 is adding to investor unease as they assess the implications for profitability as well as a potential existential threat to software firms.

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