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Cash is king as investors draw new battle lines in AI spending boom

   2026-10-29 FMT 17
Core Tip: Microsoft shares rose more than 3% in after-hours trading, while Alphabet plunged nearly 10%, as investors favoured companies profiting from AI over t

Cash is king as investors draw new battle lines in AI spending boom

Microsoft shares rose more than 3% in after-hours trading, while Alphabet plunged nearly 10%, as investors favoured companies profiting from AI over those struggling to contain its costs.
 
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