Big Techs quarter in four charts: AI splurge and cloud growth

Feb 6 (Reuters) – U.S. tech giants have predicted their spending would surge this year as they double down on artificial intelligence, sharpening investor scrutiny over whether these costly bets would generate enough returns to justify the sector’s high valuations.

The group – including Alphabet, Microsoft, Amazon and Meta – is expected to pour more than $630 billion combined largely into artificial intelligence this year, even as returns so far have lagged the pace of growth in the outlays.