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AI News from ET - Amazon shares sink as Big Tech's AI spending plans worry investors

Vishwadeep Khatri
in AI News & Two Lenses

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Amazon's capex spending plans are expected to reach $200 billion in 2026. Alphabet said its capex could double from a year ​ago, while Meta and Microsoft has ramped ​up their spending plans. "While the rising capital intensity is not ‌a ‍surprise directionally, the magnitude of the spend is materially ‍greater than consensus expected," MoffettNathanson analysts said in a note.

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