Big Tech's $2 Trillion AI Shakeout Separates the Winners from the Losers

Wall Street just delivered its verdict on the AI boom: you either prove the money is working, or you get crushed. Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL) added nearly $1.5 trillion in combined market value during earnings week, while Meta (META) and Apple (AAPL) saw their valuations evaporate by a combined $435 billion in a matter of days. The market isn't just rewarding AI ambition—it's demanding proof. The 'nasty' phase of...