tech
February 9, 2026
Big Tech's gigantic AI spending plans are spooking investors. But history shows that's when you want to buy
The recent pullback in megacaps could prove a buying opportunity so long as the companies' growth remains attractive.

TL;DR
- Big Tech companies are planning substantial increases in capital expenditure for AI initiatives.
- Microsoft, Meta, Amazon, and Alphabet's spending plans have worried investors about future profitability.
- Canaccord Genuity views the current stock selloffs as a potential buying opportunity if growth profiles are attractive.
- The projected combined capital expenditures could represent a significant portion of U.S. GDP.
- Companies are also utilizing debt markets to fund these infrastructure projects.
- Despite recent stock declines, some companies like Alphabet and Amazon have shown accelerating revenue growth.
- The overall market outlook outside of tech remains constructive, with signs of rotation out of tech.
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