The information provided on EL7.AI is for educational and informational purposes only and does not constitute financial advice.

We use cookies to improve your experience and serve personalized ads.

By clicking Accept, you consent to our use of advertising cookies. See our Privacy Policy for details.

StocksMedium•13 February 2026•

1 min read

Big Tech Stocks Slump as AI Capex Concerns Mount for 2026

Jeff Bezos in a suit over a map of the US with logistics routes, Amazon delivery vans, boxes, a drone, and a warehouse.

Major technology giants saw their stock prices decline as investors reacted negatively to massive capital expenditure projections for AI infrastructure. Amazon recently flagged a significant Capex target of approximately $200 billion for 2026, raising concerns about long-term margin pressure. Similarly, Alphabet projected its 2026 capital spending to range between $175 billion and $185 billion to support its AI ambitions. The market reaction indicates thinning investor patience regarding the timing and scale of returns on these substantial AI investments. Shares of Microsoft, Google, and Amazon all faced downward pressure as the focus shifted from AI potential to immediate capital costs. This trend suggests that the costly build-out of AI technology will continue to weigh on the profitability of the sector's largest players for the foreseeable future.