Three-digit number from Google, Microsoft, Meta, Amazon that has ‘spooked’ investors

Tech giants Alphabet, Microsoft, Meta, and Amazon are collectively investing nearly $700 billion in AI infrastructure for 2026, a 60% surge from the previous year. This massive spending on chips and data centers, while crucial for AI dominance, is raising concerns about near-term cash flow and profitability, leading to investor caution and stock fluctuations.