Investors are scrutinizing company spending on AI, with a focus on near-term returns. Tech giants like Amazon and Alphabet pleased investors with AI investments, while Meta Platforms Inc. faced backlash for high expenditures. Earnings growth for Big Tech beat estimates, with Nvidia’s upcoming report highly anticipated. The market remains optimistic about the AI trade, with Nvidia’s role crucial for future trends.

Read more at Yahoo Finance: Big Tech Earnings Reveal Cracks in Case for Massive AI Spending