Large tech companies in the “Magnificent Seven” group are moving forward with significant AI-related capital expenditures, despite investor concerns. A forecast of $680 billion in mostly AI capex has been reported, with companies like Amazon, Alphabet, Microsoft, Meta Platforms, Tesla, Apple, and Nvidia outlining their spending plans. While these investments are aimed at AI infrastructure and growth, investors are closely monitoring returns and valuations. Microsoft, for example, has seen mixed reactions to its AI initiatives. The market is cautious, and investors are advised to carefully evaluate the potential of these tech giants before investing.

Read more at Nasdaq.: The “Magnificent Seven” Plan to Spend $680 Billion Largely on Artificial Intelligence Capex: Is Now the Time to Pile Into the Group?