Big Tech is getting hammered during their earnings season. Software and tech stocks are getting hit in general—and I'm buying into the software meltdown for the record—but specifically for our hyperscalers, it's beenNewsletter Author | Investment Advisor | Top 5% of Experts on TipRanks | Long Signal, Short Noise | The Macro Obsession newsletter is a weekly brief on current events and trends in finance, tech, and the real economy. I am a macro-oriented and data-driven investor who obsesses over connecting do ...

More than a trillion dollars wiped out from big tech market caps in just the last week as those four large hyperscalers announced they expect to spend more than $600 billion in capex this year. Our DOSA has more on that in today's tech. Happy Friday Dean. >> Hey, happy Friday morning Carl.So this really gets at a contradiction right now at the heart of the AI trade. software stocks, they're in freef fall. And the logic here is that well, AI works so well, it's going to eat these companies alive.Yet, the oth ...

Only a tiny percentage of publicly traded stocks have ever achieved a $1 trillion valuation. The group of corporations that have hit $4 trillion is even more exclusive. It includes Nvidia and Alphabet as its current active members, with Microsoft and Apple also having reached this milestone at some point. One tech leader that could join that clique within six years is none other than Meta Platforms (NASDAQ: META). Here is why. Where to invest $1,000 right now? Our analyst team just revealed what they beli ...

微软、字母表、亚马逊、元宇宙这四家科技巨头 "超大规模云服务商"，2026 年计划在人工智能领域的 投资总额将突破 6500 亿美元。 亚马逊于本周四宣布，2026 年资本支出规模将达约 2000 亿美元；而在前一日，字母表也向投资者透 露，公司今年的资本支出将在 1750 亿至 1850 亿美元之间。 上月末，元宇宙已向投资者披露，2026 年的资本支出将在 1150 亿至 1350 亿美元区间；微软 2026 财年 （始于去年 7 月）的年度资本支出运行速率显示，该公司今年的资本支出将达 1450 亿美元。 按各家披露的最低支出规模计算，四家企业 2026 年的总投入约为 6350 亿美元，较 2025 年 3810 亿美元 的支出规模大幅增长约 67%；若按最高支出规模测算，四家企业总投入将达 6650 亿美元，较去年同比 激增 74%。 上述企业均表示，这笔巨额投入的绝大部分将用于人工智能芯片、服务器以及数据中心基础设施的建 设。 投资者对这些新增资计划表达了些许担忧。 亚马逊公布增资计划后，股价在本周五下跌逾 8%；字母表宣布相关计划后，股价下跌 3%；微软发布 季度业绩后股价重挫超 11%，其旗下 ...

Gather round while we look at the reality of markets. They correct, and sometimes, corrections are brutal. Feb. 5 proved to be a really brutal day, especially for the Magnificent 7 stocks. The Mag 7 group, which includes Apple, Alphabet, Amazon, Meta Platforms, Microsoft, Nvidia, and Tesla, has mostly struggled so far this year. That's because investors worry that the group is spending billions on data labs that may take years to become profitable. And there's no sign the contagion is easing. Among th ...

Core Insights - The four major tech companies, Microsoft, Alphabet, Amazon, and Meta, are projected to invest over $650 billion in artificial intelligence in 2026, with significant capital expenditures planned [1][2][3] Investment Plans - Amazon plans to invest approximately $200 billion in capital expenditures by 2026 [1] - Alphabet's capital expenditures are expected to range between $175 billion and $185 billion for the current year [1] - Meta's spending is projected to be between $115 billion and $135 billion in 2026 [2] - Microsoft's annual run rate for capital expenditures is estimated at $145 billion for its 2026 fiscal year [2] Expenditure Growth - The total spending from these four companies is expected to increase by about 67% to 74% compared to their $381 billion expenditures in 2025, with a low-end estimate of $635 billion and a high-end estimate of $665 billion [3] Focus Areas - The majority of the investments will be directed towards AI chips, servers, and data center infrastructure [3] Market Reactions - Following the announcements, Amazon's stock fell over 8%, Alphabet's shares dropped 3%, and Microsoft experienced an 11% decline after reporting slower growth in its Azure cloud unit [5] - In contrast, Meta's stock rallied due to positive quarterly results and the impact of AI on its ad revenue [6] Investor Sentiment - Investors are exhibiting caution regarding the spending plans of tech companies, reflecting a more scrutinizing approach towards returns on AI investments [6][7] - There is a growing belief in the transformative potential of AI for enterprises, influenced by advancements from companies like Anthropic and Google's Gemini 3 [8]

市场对人工智能资本回报的担忧正引发美股科技板块剧烈震荡。过去一周，微软、英伟达、亚马逊、Alphabet、Meta及甲骨文等科技巨头市值累 计蒸发约1.35万亿美元，核心原因在于投资者愈发质疑该领域动辄数千亿美元的资本支出能否转化为实际盈利。 2月6日，据FactSet数据，上述企业在近期财报中均显示出持续的资本扩张计划。据媒体报道，今年全球科技巨头计划向AI相关基础设施投入约 6600亿美元，这一规模已超越多个中等规模经济体GDP。投资者担忧，天量投入背后可能隐藏着投资效率低下与产能过剩风险。 GAM Investments投资总监Paul Markham指出，当前市场正被"情绪传染效应"笼罩，尤其在涉及AI硬件及基础设施的公司中，股价波动或将持续加 剧。他强调： "围绕大语言模型建设所需的天量资本支出、最终回报周期，以及潜在的产能过剩疑虑，已成为持续压制市场情绪的结构性问题。" 尽管部分个股在周五盘前交易中略有反弹，但亚马逊在美股盘中仍录得9%的显著跌幅，反映出市场对AI商业化前景的判断正从乐观转向审慎。这 场由资本回报焦虑主导的抛售潮，标志着AI投资叙事已从规模崇拜阶段进入效率检验时期。 亚马逊激进押注 ...

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We are in uncharted territory, plain and simple. There is really no analogy or any identical historical references that we can really infer how this AI boomJR Research is an opportunistic investor. I was recognized by TipRanks as a Top Analyst, and also by Seeking Alpha as a "Top Analyst To Follow" for Technology, Software, and Internet, as well as for Growth and GARP. I identify attractive risk/reward opportunities supported by robust price action to potentially generate alpha well above the S&P 500. My pi ...

Meta Platforms (NASDAQ: META) has made some big changes since the early days of "the facebook." CEO Mark Zuckerberg even changed the name of the company a few years back to reflect the company's focus on augmented and virtual reality devices. More recently, however, the company has turned its focus to the massive opportunity presented by advances in artificial intelligence (AI), while pushing its metaverse efforts to the back burner. While the business is constantly adapting to the changing tech environme ...