DUNYA NEWS
Live
Technology

Tech leaders ramp up AI spending, but Alphabet's cash flow wins investor favor

Updated on:

Tech leaders ramp up AI spending, but Alphabet's cash flow wins investor favor

(Reuters) - Three of the biggest US technology companies flagged plans on Wednesday to accelerate capital spending over the next year but investors were most accepting of Google-parent Alphabet's ability to fund its plans from its cash flow.

Alphabet, Microsoft and Facebook-owner Meta all announced plans for higher annual capital expenditures as they pour money into chips and data centers.

 

Recommended For You

Follow Us on Social Media