Megacap tech stocks sells off as AI spending outpaces revenue growth

Amazon down big. Meta and Microsoft under more pressure as these capex concerns build after the four largest hyperscalers said they expect to spend more than $600 billion dollars this year alone. But Nvidia CEO Jenzen Wong just told CNBC last hour he's not worried about that.He thinks it's appropriate and that AI demand is skyhigh. >> Demand is skyhigh and there's a fundamental reason for that. We're in the once in a generation infrastructure buildout.This is the largest infrastructure build out in human hi ...