Dhaka, Oct. 31 -- Four of the biggest US technology companies flagged plans this week to accelerate capital spending over the next year, but investors were most accepting of Google-parent Alphabet's ability to fund its plans from its cash flow.

Alphabet, Microsoft, Facebook-owner Meta and Amazon all announced plans for higher annual capital expenditures as they pour money into chips and data centres, reports Reuters.

Shares of all of those companies, with the exception of Amazon, have risen substantially this year on expectations that they will be winners in the AI race. But investors cheered Alphabet's report while pushing Microsoft and Meta stocks lower, as they calculated the costs to each firm of the investments.

Amazon on the othe...