Wall Street Ultimatum to Big Tech: Where is the AI Profit?

The reporting season on January 29, 2026, showed a shift in investor sentiment. The market is no longer impressed by capital expenditure (Capex) plans for AI infrastructure. Shares of companies showing spending growth without proportional revenue growth have come under pressure.

The era of "investing in the future" is ending; the "show me the money" era is beginning. Investors demand proof that billions poured into data centers and chips are converting into real products and margins, not just heating the atmosphere.

Source: Reuters