Overview
- AI-linked stocks accounted for 75% of S&P 500 gains since November 2022, according to JP Morgan Asset Management.
- An MIT study published in August 2025 found 95% of business generative AI projects failed to show measurable ROI.
- Microsoft, Amazon, Alphabet and Meta continue to commit hundreds of billions of dollars to chips and data centers to expand AI capacity.
- Advisory coverage highlights growing skepticism about heavy AI capex and debt-laden infrastructure bets, with recommendations to favor companies using AI to improve efficiency and margins.
- Berkshire Hathaway has cut its Apple stake by about 73% since late 2023 and recently initiated a position in Alphabet, signaling a cautious repositioning in big tech exposure.