tech investment

Amazon’s hefty capital expenditure forecast triggered a significant stock drop, heightening investor concerns about the AI boom’s sustainability. While tech giants collectively plan massive AI investments, Amazon’s projections have spooked the market, contrasting with positive reactions to Alphabet and Meta’s spending. This shift signals a move from “fear of missing out” to intense scrutiny of AI-driven expenditures and their uncertain returns, leading to a trillion-dollar market cap loss for major tech firms.