proactiveinvestors.co.uk
Microsoft and Google face $650bn AI spending test as sell-off opens fresh entry point
Wedbush says hyperscalers are still in the “early innings” of an AI infrastructure boom, with $650 billion in 2026 capex set to reshape cloud economics and reward scale players despite near-term margin pressure. AI capex surge reframes the sell-off A sharp pullback in megacap tech has created what Wedbush calls an opportunity to focus on the structural winners of the AI buildout: Microsoft and Alphabet.
