Amazon and Alphabet Bet Big on AI. Why History Says It's Time to Buy Both Stocks

While Microsoft has backed off some leases recently with its data center buildout, both Amazon (NASDAQ: AMZN) and Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) look prepared to go full steam ahead. Microsoft still plans to spend around $80 billion on infrastructure capital expenditures (capex) for artificial intelligence (AI) this fiscal year, but its fiscal year ends in June, only a couple of months from now. For its part, OpenAI is looking to build out its own capacity; it’s part of Project Stargate, which plans to spend $500 billion on AI data centers over the next few years.