Big Tech Earnings Reveal Cracks in Case for Massive AI Spending

“We’re starting to see, in some cases, a discipline check that investors are putting on companies.” A week that saw the Federal Reserve cut interest rates and dozens of US companies report earnings nevertheless boiled down to a single theme: artificial intelligence. Most Read from Bloomberg Results from US technology giants showed that the world’s biggest corporations are still pouring billions into AI infrastructure, cheering investors and bolstering the case for betting on the technology. The S&P 500 I ...