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Wall Street's AI trade is facing its biggest reality check yet. $AMZN is staring at a $42.4B negative free cash flow position, while $GOOGL and $META are also reporting mounting cash-flow pressure from massive AI investments. With hyperscalers planning hundreds of billions more in spending, investors are shifting focus from AI growth to one critical question: When will the returns justify the spending? $AMZN $GOOGL $META $MSFT $NVDA $ORCL

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