Meta, Alphabet, and Microsoft significantly increased their capital expenditures on artificial intelligence, with Meta projecting up to $72 billion in 2025 and higher spending in 2026, Alphabet raising its forecast to $93 billion, and Microsoft reporting $34.9 billion for the recent quarter. Meta aims to accelerate AI development for new products and advertising, Alphabet expands AI infrastructure, and Microsoft invests in AI infrastructure and talent. Investor interest in AI spending has helped these companies outperform the S&P 500 index, while analysts monitor when these investments will yield financial returns. Meta's quarterly revenue rose but profits fell due to a tax charge, Microsoft’s profits increased by 12 percent, and Alphabet’s profits rose by 33 percent. AI-related business investment is cited as a key factor supporting recent U.S. economic growth.

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