Investors are growing skeptical of colossal AI-spending plans by tech giants like Meta and Microsoft

Meta and Microsoft's big AI spending plans have investors on edge, and both stocks are lower. Traders are starting to punish companies for capex spending is seen as a warning sign. Sign up for Business Insider's daily markets newsletter here. Mega-cap tech firms keep spending loads of cash on AI — and investors are starting to rebel. That was evident after Meta and Microsoft — two of the largest companies at the center of the AI revolution — saw their stock prices drop on Wednesday, after earnings ...