Big Tech Is Burning Cash on AI — Here’s Who Actually Gets It Back
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Big tech is locked in an hundres of billion of dollars for AI spending war and Wall Street is losing patience. Microsoft, Amazon, Alphabet, and Meta are pouring hundreds of billions into data centers, power grids, and custom chips — but when do shareholders actually get their money back? We break down the circular funding risk, the CapEx explosion, and which hyperscaler is truly winning. From Google Cloud’s 63% growth and $460 billion backlog to Amazon’s $150 billion AWS run rate and custom Trainium chips hitting $20 billion in revenue, we analyze who’s building for the future and who’s burning cash.
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