The Great Money Transfer: Who Really Profits from the AI Boom!

A single sentence in a forecast cost Alphabet around 5% of its market value on Wednesday evening. The Google parent company raised its investments for this year to 195 to 205 billion USD, up from previously 190 billion USD. Together with Meta, Microsoft, and Amazon, which will report next week, this amounts to up to 725 billion USD — a sum that is likely to grow even further based on Alphabet's figures. The market reaction marks a shift in sentiment: the market no longer accepts AI spending as a promise of growth; it demands evidence. Alphabet...