AI Investments Drive Tech Spending

Tech giants report $370B in 2025 capital expenditures, up to $370B in 2026.
Microsoft spent $35B on data centers, 33% revenue growth.
Analysts question sustainability of heavy spending on AI infrastructure.
75% of Standard & Poor's returns and 80% of earnings growth from AI-related stocks.
Data-center investments drove nearly all US GDP growth in early 2025.
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