Big Tech Isn’t Burning Money on AI. They’re Building a Moat You Can’t Cross.
The AI sell-off isn’t a bubble popping — it’s a war between Wall Street’s demand for quarterly returns and Big Tech’s plan to own the infrastructure of the next century. While investors panic over capex, companies like Google, Microsoft, and Amazon are building compute tollbooths that will tax every future AI product. The spending isn’t reckless. It’s the most aggressive land grab since the oil boom.