**AI forcing Big Tech to spend more than it earns; Wall Street hates it**

> The Mag7 had its worst day Thursday since the tariff-driven selloff last April. Alphabet made history in two ways on Wednesday. Recommended Video First, it had its most-profitable quarter in corporate history. Reporting $112 billion in profit, that’s its first 12-figured quarterly profit in history. But 69% of that came from unrealized paper gains on its stakes in SpaceX and Anthropic, not the core business, and Wall...

**来源信息**
- **来源**：Hacker News：AI 热帖
- **分类**：论文
- **发布时间**：2026-07-25 00:55（北京时间）
- **原文**：[打开原文](https://fortune.com/2026/07/23/ai-big-tech-never-spend-more-than-earns-wall-street-hates-it)