AI capex fears erase $1 trillion in market value as giants plan $828 billion spend

Five major tech companies plan to spend up to $828 billion on AI infrastructure this year, and investor concerns over the spending spree's impact on cash flow have wiped out $1 trillion in market value.

Read the full story at Fortune AI ↗

Timeline · 1 report

2026-10-31 10:44 · Fortune AI
Fears over $828 billion AI capex spending spree help erase $1 trillion in market value

More stories

OpenAI, Google, Microsoft and Anthropic to honor unified robots.txt AI training opt-out — OpenAI News
Malicious Claude Code extension on Cursor marketplace exposed up to 5,000 developers — Microsoft Research Blog
Sam Altman calls PC RAM use 'quite terrible' amid DRAM shortage, meets Samsung on memory supply — Tom's Guide AI
OpenAI cuts funding target by $10 billion to $20 billion amid AI market selloff — Financial Times AI
Apple Intelligence to launch in China with iOS 27.3 in December — The Verge AI
Tech stocks slide as Big Tech earnings misses deepen AI spending fears — Financial Times AI
The future of the firm — OpenAI News
Speeding up planning decisions with AI — Google DeepMind Blog

Get the daily brief of stories like this at 6:30 every morning →