The sheer amount of capital expenditures (capex) spending on artificial intelligence (AI) has made investors nervous. So high is the spending that cash-rich companies such as Amazon will spend $200 billion in capex this year alone and have issued bonds to help cover the costs.
Understandably, this makes investors nervous, as a poorly conceived AI strategy could cost even the most stable tech companies massive amounts of cash. Fortunately, three megatech companies continue to stand out as being less risky, meaning the tech stocks can likely prosper in nearly any circumstance.
This post originally appeared at The Motley Fool.