After a bumper year for spending on artificial intelligence infrastructure, scrutiny is shifting towards returns on investment from the companies at the heart of the AI boom.
Three of these – Meta, Microsoft and Tesla – are set to state the earnings season with fourth-quarter results on Wednesday, before investors focus on Apple on Thursday. Fellow Magnificent Seven companies Alphabet and Amazon will deliver results next week, with chip bellwether Nvidia due to report later next month.
Data from business and technology insights company Gartner anticipates that global spending on AI will pass $2.5 trillion this year, a 44 per cent year-on-year increase.
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