Companies Are Cutting Jobs for AI — But Not the Billions Paid to Investors
Key takeaways
- The analyst who called NVIDIA in 2010 just named his top 10 AI stocks.
- Since ChatGPT burst onto the scene in late November 2022, artificial intelligence has transformed from a buzzword into one of the biggest capital allocation shifts in corporate history.
- Headlines, meanwhile, tell a darker story of deep job cuts.
Companies Are Cutting Jobs for AI — But Not the Billions Paid to Investors John Moore / Getty Images News via Getty Images Rich Duprey Tue, May 26, 2026 at 10:04 PM GMT+7 4 min read META NVDA AMZN GOOG MSFT Quick Read Alphabet (GOOG), Amazon (AMZN), Meta Platforms (META), and Microsoft (MSFT) are deploying roughly $750 billion in 2026 capital expenditures primarily for AI infrastructure while simultaneously cutting targeted roles across their workforces, with Meta eliminating about 10% of staff in May 2026.
S&P 500 dividend growth has remained steady at 5-6% annually both before and after ChatGPT’s November 2022 launch, reaching $78.92 per share in 2025, demonstrating that companies can fund massive AI investments without sacrificing shareholder payouts.
The analyst who called NVIDIA in 2010 just named his top 10 AI stocks. Get them here FREE.