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Microsoft, Meta, and Google just announced billions more in AI spending. Only Google convinced investors it’s paying off

Posted on April 30, 2026
By Fortune
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1 min read

Microsoft, Meta, and Google just announced billions more in AI spending. Only Google convinced investors it’s paying off

Surging prices due to memory chip shortages have led to billions more in capital expenditures from Magnificent 7 companies—and many investors don’t like it.