Big Tech’s $600B AI Spending Race in 2026: Chips, Data Centers, Power—and the Path to Returns
Investors and operators are staring at the same question from opposite sides of the glass: when will massive AI spending turn into durable, high-margin revenue? With Alphabet, Microsoft, Amazon, Meta, and their peers entering another earnings season, capital outlays tied to AI chips, data centers, cloud capacity, and power are set to dominate 2026—and likely…