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AI Spending Upends 4 Big Tech Stocks - Including Amazon

hank
edited February 5 in Other Investing
Here's the Article - Originally from Bloomberg

Amazon - 4% (to $222) during today's trading and down another 11% after-market (to $198). Often viewed as a retailer, more than half the business is in cloud based data services.

"Four of the biggest US technology companies together have forecast capital expenditures that will reach about $650 billion in 2026 - a mind-boggling tide of cash earmarked for new data centers and the long list of equipment needed to make them tick, including artificial intelligence chips, networking cables and backup generators."
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Claude is the AI App that seems to have rocked the tech world in recent days. More entertainment than substance in this Bloomberg production -

Comments

  • AnnaAnna
    edited February 6
    Thanks @hank. Well worth listening to the entire discussion. Just a joy to see coding as a maturing man-in-the-loop solution. This is exactly what I used to try to explain to my colleagues back in good ole days (1980-2010) who accused me of thinking I could easily replace their value with an algorithm, especially the acknowledgement that, currently, the human-AI interface brings results above the merely mediocre that AI alone produces. Anyway, enjoyed this discussion. The generation born today will, indeed, make their living in a far more interesting world. Just my opinion. (This was coding but many, many more applications will mature.)
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