Friday, May 1, 2026
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Tag: AWS

Big Tech’s $665 Billion AI Bet: Alphabet Soars, Meta Slides as Q1 Earnings Reveal Capex Reckoning

Four hyperscalers spent $130 billion on AI infrastructure in a single quarter — more than three times the inflation-adjusted cost of the Manhattan Project — and project up to $665 billion for the full year. Investors rewarded Alphabet, punished Meta, and noticed that nearly half of Google's record profit came not from search or cloud, but from its Anthropic stake.