Meta's $825 Billion AI Bet Alarms Investors While Microsoft and Alphabet Win Confidence

Meta faces a crisis of investor faith as it locks in $825 billion in future AI spending commitments, while Microsoft, Alphabet, and Amazon advance their own massive buildouts with far less market skepticism. The contrast reflects a fundamental reality: some tech giants are already monetizing their AI infrastructure, while Meta is asking shareholders to wait years for returns that may never arrive.