Big Tech showed it won’t back down on AI spending. Some on Wall Street are still wary. - MarketWatch
1. Big Tech plans substantial AI data-center buildouts despite recession fears. 2. Capital expenditure growth accelerated to 71%, reaching $81 billion this quarter. 3. Analysts foresee continued AI spending despite potential overall budget cuts. 4. Concerns arise regarding overspending on AI amidst competition from China. 5. Nvidia receives a sell rating due to scrutiny of AI budgets.