The top three cloud service providers globally—Amazon, Microsoft, and Google—have recently unveiled their financial statements. Although they have demonstrated robust revenue and profit figures, their substantial capital investments in AI cloud infrastructure have triggered apprehensions in the market, subsequently causing notable drops in their stock prices. Amazon intends to allocate a staggering $200 billion towards capital expenditures by 2026, with a primary focus on AWS and the construction of AI data centers. This figure significantly surpasses market expectations, resulting in a 10% plunge in its stock price following the earnings announcement. Microsoft reported a revenue of $81.3 billion and a net profit of $38.5 billion for the second quarter of fiscal year 2026. However, its stock price experienced a 5% decline post-report, attributed to an astonishing $37.5 billion in quarterly capital expenditures and a deceleration in cloud business growth. Google, on the other hand, reported a revenue of $402.8 billion and a net profit of $132.1 billion for 2025. Nevertheless, its stock price briefly dipped by 6% after revealing plans to invest between $175 billion and $185 billion in capital expenditures for 2026, nearly doubling the amount from 2025. The extensive capital expenditure strategies of these three cloud providers have ignited market concerns regarding their short-term profitability, thereby contributing to stock price fluctuations.