Big Tech Is Spending $720 Billion on AI This Year. Follow the Money.

In 2026, five of the world's biggest tech companies — Meta, Amazon, Microsoft, Alphabet, and Oracle — are collectively spending $720 billion on AI infrastructure. Wall Street is cheering. But when you follow the money, the company collecting on every single dollar isn't OpenAI or Google. In this episode, I trace the actual flow of capital, unpack the one supply chain risk nobody wants to say out loud, and explain why the return logic behind this historic bet is already starting to prove itself.

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