BizNews Ricardo Portfolio: Alec Hogg on Big Tech's AI spending race and the JSE's cash handback artwork
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BizNews Ricardo Portfolio: Alec Hogg on Big Tech's AI spending race and the JSE's cash handback

Oct 30, 2026 · 17:44

Alphabet and Amazon both reported faster growth this week, and Wall Street still wiped roughly half a trillion dollars off Google's parent in a single session, its worst day since listing in 2004. In this Ricardo portfolio update, Alec Hogg explained what had really spooked investors: a cash machine that now needs shareholders' money, and an Amazon spending more on data centres than its business b…