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Google, Microsoft, and Amazon's consecutive "failures" in their financial reports are not convincing Wall Street to invest heavily in AI for returns.
Since the release of the financial report, Google and Microsoft's stock prices have fallen by more than 8%, while Amazon's stock fell by nearly 9% in a day. As the business that benefits the most from generative AI, the cloud computing departments of the three giants have grown steadily in the second quarter, but this is not enough to appease investors, who are increasingly eager to see the return on investment brought by the huge investment in data centers and other AI infrastructure.