There's a growing list of technology companies investing heavily in artificial intelligence (AI) cloud computing as demand for compute capacity accelerates. Bank of America estimates that data center infrastructure spending will more than double to $2.1 trillion by 2028. But not every company that's spending money now on AI cloud computing will have substantial sales and earnings to show for it later. Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) and Oracle (NYSE: ORCL) are two prominent cloud companies ramping up their AI investments right now. Still, while Alphabet's cloud sales are accelerating due to its spending, Oracle's debt is worrying shareholders.
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