AI spending overshadows Alphabet and Tesla earnings

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Wall Street’s biggest tech companies delivered another round of strong earnings on Wednesday, but the primary focus for investors is the growing cost of the artificial intelligence race.

Alphabet and Tesla beat revenue expectations, yet their shares fell in after-hours trading after both companies signalled another year of heavy spending on AI infrastructure.

Google-owner Alphabet https://www.cityam.com/ai-spending-overshadows-alphabet-and-tesla-earnings-beats/">[...]