Since generative artificial intelligence began to make headlines in 2022, investors have poured money into
The bet has paid off handsomely. The company reached a valuation of $5 trillion in late October and is on course to report more net income this year than its two main rivals will chalk up in sales, combined. A flurry of multi-billion-dollar data center investments in recent months suggests that, if anything, the AI gold rush is still accelerating.
But a massive run-up in stock prices — and the