New Delhi, Aug. 1 -- Despite fears about AI spending, the latest earnings from Big Tech show that demand for AI infrastructure remains resilient. Strong cloud growth at Microsoft, Amazon and Alphabet suggests their AI investments are beginning to pay off. The companies also committed aggressive capital spending plans, providing fresh evidence that demand for AI chips, data centres and related infrastructure will remain strong.

Acknowledging that the demand is real, Sandeep Nambiar, Co-Founder and CEO, OneCap, says, "For example, Microsoft is carrying $678 billion of contracted future revenue, up 84%. Those aren't empty data centres waiting on customers."

Nearly $2 trillion has shifted into or out of the six Big Tech companies that have ...