Big Tech Earnings Slam Into a Market in Revolt Over AI Spending

科技巨头财报迎面撞上“AI支出反叛潮”

By Jeran Wittenstein and Ryan Vlastelica

July 26, 2026 at 9:00 PM GMT+8

作者：杰兰·维滕斯坦(Jeran Wittenstein)、瑞安·弗拉斯泰利卡(Ryan Vlastelica)

2026年7月26日 21:00 GMT+8

For years, US technology giants had a tacit agreement with investors: The companies could spend lavishly on artificial intelligence, and the stock market would reward them long as their revenues were rising. That deal is suddenly breaking down.

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