Tech Giants' AI Spending Surge Boosts Stocks, Plans

On July 31, 2026, major tech companies Amazon, Microsoft, Google, and Meta continued their massive spending spree on artificial intelligence infrastructure, as evidenced by their latest financial results and announcements. Amazon announced it would invest an additional $20 billion in AI expansion due to expensive memory chips, while its cloud business surge impressed Wall Street. Microsoft set a record with a nearly $450 billion single-day gain in market value, and chip stocks helped bolster a rebound in tech markets. Additionally, reports indicate that these companies are increasingly becoming energy companies, and there are plans for a huge 'Google data center' in Burgenland, Austria.