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Worries over Alphabet, Amazon AI spending are 'overdone,' BNP Paribas says

Apr 07, 2026 14:12 UTC

Worries over Alphabet, Amazon AI spending are 'overdone,' BNP Paribas says.

  • Sundry Photography/iStock Editorial via Getty Images Investor concerns about artificial intelligence spending from Alphabet (GOOG) (GOOGL) and Amazon (AMZN) appear to be “overdone,” investment firm BNP Paribas said
  • When looking at several metrics, such as backlog-to-capex, or revenue per employee, the two tech giants are not over-investing, but offering up

Sundry Photography/iStock Editorial via Getty Images Investor concerns about artificial intelligence spending from Alphabet (GOOG) (GOOGL) and Amazon (AMZN) appear to be “overdone,” investment firm BNP Paribas said. When looking at several metrics, such as backlog-to-capex, or revenue per employee, the two tech giants are not over-investing, but offering up

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