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Across the tech sector this earnings season, companies told Wall Street to get ready for ramped up spending as the artificial intelligence boom accelerates.

But while investors largely rewarded the megacaps for their boosted capital expenditure forecasts , or just shrugged off their guidance, companies outside the trillion-dollar club are getting punished.

DoorDash , Duolingo and Roblox all saw their stock prices suffer double-digit slumps after the companies said spending is on the incline, raising concerns about future profitability. Unlike the tech giants, which are promising hefty buildouts to meet soaring demand for AI services and workloads, smaller companies are gett

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