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Tech & Innovation·October 25, 2026·1 min read

AI Spending Fears Threaten to Swamp Big Tech’s Strong Earnings

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Markets are starting to separate AI narrative from AI P&L — strong topline won’t offset concern that capex-heavy AI bets aren’t yielding margin yet. If you’re selling into Big Tech or riding their ecosystems, assume more scrutiny on AI ROI and longer proof cycles over the next 6–12 months.