Alphabet, Meta, Microsoft, and Amazon collectively expect $380 billion in capex this year, while OpenAI has announced $1 trillion in infrastructure deals.

The speed at which both businesses and consumers are adopting AI sets this boom apart from other bubbles, Antler founder Marcus Grimeland told CNBC.

Palantir CEO Alex Karp took on the critics during the company’s third-quarter earnings call after the bell on Monday.

Even as the S&P 500 and Nasdaq Composite rose on the back of the tech behemoths, more than 300 stocks in the broad-based index ended the day lower.

Qnity Electronics moved higher in its public debut on the New York Stock Exchange on Monday.

Palantir’s earnings topped third-quarter results and the company issued strong guidance, attributing much of its rapid growth to artificial intelligence.

The Ethereum-linked token briefly fell below its critical $3,600 level as investors wrung their hands over several bearish events.