Investors are shifting focus from Big Tech's AI spending to which companies will deliver long-term returns, as results from Microsoft and Amazon reassure markets. Neocloud providers like CoreWeave and Nebius have rallied, but analysts see hyperscalers gaining from investments by 2027-2028, with a Reuters analysis projecting $340 billion more in annual operating cash flow.
Investors shift focus to long-term AI winners as capex fears ease
Source: Reuters