Why Big Tech earnings are a crucial report card for the AI boom and its future
Photo: Fortune Crypto
Fortune ’s Morgan Chittum here. Like death and taxes, one thing is inevitable: Wall Street will take every chance it gets to look for cracks—or signs of strength—in the AI return on investment. At least, that’s how it’s been since ChatGPT took off in 2022 and AI became one of the biggest investment themes in recent history. The market’s latest North Star? Big Tech earnings. This week, Amazon , Alphabet , and Microsoft gave us a fresh look. It was a mixed bag, but two things were clear: AI demand is hot, and spending on it is monstrous.
Source: Fortune Crypto
