Four US tech giants bled $95bn in cash in Q2 on soaring AI investments

Artificial intelligenceAmazon CEO says cloud arm could become trillion-dollar businessShares of Amazon and Microsoft shot up after they showed an ability to link their AI investments with earnings. (Source photos by Reuters)MASAHARU BANAugust 1, 2026 01:41 JSTPALO ALTO, California -- AI and other investments by four American technology giants exceeded the cash generated from their core operations by nearly $100 billion in the second quarter alone as growing concerns about overinvestment lead to a gap between companies that can show how artificial intelligence contributes to earnings and those that cannot.