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Tech giants like Microsoft, Meta, Amazon, and Google are projected to spend nearly $400b in 2025 on AI infrastructure fueling record-breaking market caps. Wall Street is rewarding the spree, with Microsoft and Nvidia now in the $4T club, but rising capital intensity and layoffs signal that not everyone is winning.
The AI arms race is accelerating as the major tech companies add to their already gargantuan levels of spending. The bets are paying off for investors, but not for all employees.
https://www.wsj.com/tech/ai/tech-ai-spending-company-valuations-7b92104b?st=aSAkiN
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