In recent financial reports, tech giants like Alphabet, Microsoft, and Meta have showcased impressive results, yet the underlying impact of their substantial investments in artificial intelligence remains uncertain. Despite the hype surrounding AI, the question lingers: are these companies truly harnessing the potential of this technology, or are they merely riding the wave of investor enthusiasm? As we analyze the performance of these companies, it becomes clear that while their stock prices soar, the direct correlation between AI investments and tangible benefits is still elusive.