According to CoinMeta, the combined capital expenditures of the four tech giants—Microsoft, Google, Amazon, and Meta this year could reach $745 billion, with funds mainly allocated to chips, servers, data centers, and networks. AI Competition is shifting from model capabilities to the scale of computing power and commercial returns. Cloud services are the first sector to see revenue growth, with Azure, AWS, and Google Cloud experiencing revenue increases of 43%, 37%, and 82%, respectively. Amazon stated that its annual revenue from generative AI services and its self-developed chip business has exceeded $25 billion. Microsoft's Microsoft 365 Copilot paid subscriptions have surpassed 30 million, with a net increase in subscriptions doubling month-over-month. Although the market supports tech giants in continuing to increase their investments in AI, there is now a focus on the cash returns following these investments. After their financial reports, Microsoft and Amazon's stock prices rose, while Alphabet and Meta face concerns regarding capital expenditures and cash flow.