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-0.000538068334678525 2.24195139449173E-05 -0.00116073296864262 -0.0019430245418947 0.00246614653394311 -0.0274115923833438 -0.0184138941201089 -0.0193256210205364
Stock impact report

Big Tech to Spend $650 Billion This Year as AI Race Intensifies [Yahoo! Finance Canada]

Meta Platforms, Inc. - Class A (META) 
(Bloomberg) -- Four of the biggest US technology companies together have forecast capital expenditures that will reach about $650 billion in 2026 — a mind-boggling tide of cash earmarked for new data centers and all the gear housed within them. The spending planned by Alphabet Inc., Amazon.com Inc., Meta Platforms Inc. and Microsoft Corp., all in pursuit of dominance in the still-nascent market for AI tools, is a boom without a parallel this century. Each of the companies' estimates for this year is expected either near or surpass their budgets for the past three years combined. They would set a high-water mark for capital spending by any single corporation in any one of the past 10 years, according to Bloomberg data. Most Read from Bloomberg The search for a comparison to the spending projections — which came as the four reported earnings in the past two weeks — requires going back at least as far as the telecommunications bubble of the 1990s, and perhaps to the build-out of t Show less Read more
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