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The Mag 7’s AI Spending Spree Spells Trouble – Look Here Instead
The Magnificent Seven tech companies are projected to spend $330 billion on AI capital expenditures this year, raising concerns about their financial sustainability. Meta, Microsoft, Apple, and Amazon have reported strong earnings but are also increasing their spending significantly. Meta's CapEx forecast has risen to between $66 billion and $72 billion, while Microsoft anticipates over $30 billion in capital spending for Q1 2025. Apple and Amazon also reported solid earnings, but rising costs and market reactions suggest potential challenges ahead for these tech giants.
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