Wall Street Concerns Grow Over Apple, Amazon, Google, and Meta's $200 Billion AI Spending Amid Profitability Pressures

Wall Street is increasingly concerned about the $200 billion in artificial intelligence (AI) investments being made by major tech companies, including Apple, Amazon, Google, and Meta. Investors are urging these firms to demonstrate tangible returns on their substantial expenditures in AI, as many have yet to show clear profitability from these ventures. Despite this pressure, some of the world's largest tech firms reported profit growth, which has somewhat alleviated fears regarding their heavy spending. However, these companies have also indicated that they plan to increase their investments in AI, signaling their long-term commitment to the technology. The ongoing uncertainty surrounding the impact of AI features on sales, particularly for Apple, reflects a cautious optimism in the market as these firms continue to innovate.