Mmastodon BusinessMarkets first seen 1 d ago, last 8 min ago, peak #1

US tech stocks tumble as AI spending nears $1 trillion

Original: 📉 US tech stocks see sharp falls as AI spending nears $1tn ｢ Shares in Intel plummeted by as much as 30% on Friday, foll

US technology stocks fell sharply as investors grew uneasy about the scale of AI spending, now approaching $1 trillion. Intel shares dropped as much as 30% on Friday, a day after Alphabet lost more than $500bn in market value. Traders are questioning whether massive investment in artificial intelligence infrastructure will deliver returns that justify the costs.

Why now: Investors are spooked by the enormous cost of the AI buildout and fears it may not pay off, triggering a broad selloff in tech shares.

IntelAlphabetUS stock market

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• 📉 US tech stocks see sharp falls as AI spending nears $1tn ｢ Shares in Intel plummeted by as much as 30% on Friday, following Google owner Alphabet's stock price plunging by more than $500bn (£374bn) in the previous day's trading ｣ https://www. bbc.com/news/articles/cvwy72e0… · jbz@indieweb.social · 6

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