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Wall Street falls as Alphabet revenue miss fuels AI spending worries
Original: Wall Street ends lower as Alphabet revenue miss revives AI capex jitters
Wall Street closed lower after Alphabet reported revenue that fell short of expectations, renewing concerns on Wall Street about the scale of spending on artificial intelligence infrastructure. Investors worry that heavy capital expenditure by major tech companies may not be generating returns quickly enough. The disappointing results from one of the sector's biggest spenders weighed on sentiment across markets.
Why now: Alphabet's revenue miss triggered fresh doubts about whether massive AI investment will pay off, moving the broader market.
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Evidence
- Wall Street ends lower as Alphabet revenue miss revives AI capex jitters · Reuters
- Wall Street ends lower as Alphabet revenue miss revives AI capex jitters · Yahoo Finance
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