Tech's $380 billion splurge: This quarter's winners and losers of the AI spending boom

Core Insights - Major tech companies are significantly increasing their investments in artificial intelligence, with a collective capital expenditure forecast exceeding $380 billion for the year [1][2][3] - OpenAI has announced approximately $1 trillion in infrastructure deals, overshadowing the spending projections of other tech giants [3] - Investor reactions to earnings reports from these companies have been mixed, with Amazon's stock rising after it exceeded earnings expectations and raised its capital expenditure forecast to $125 billion [3][4] Company Summaries - Meta Platforms Inc. is part of the group of tech giants that are ramping up AI investments, indicating a strong belief in the long-term potential of AI [1] - Microsoft has projected significant capital expenditures for fiscal 2026, reflecting its commitment to building infrastructure for AI services [2][4] - Amazon's finance chief emphasized the company's ongoing significant investments in AI, viewing it as a massive opportunity for strong returns [4]