Mmastodon BusinessMarkets first seen 1 d ago, last 25 min ago, peak #1
US tech stocks fall sharply as AI spending nears $1tn
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 suffered steep losses as investor concern grows over the scale of spending on artificial intelligence infrastructure, now approaching $1 trillion. Intel shares plummeted as much as 30% on Friday, a day after Alphabet lost more than $500bn in market value, one of the largest single-day value drops in stock market history.
Why now: Fears are mounting that massive AI investment may not deliver returns, triggering a sell-off in major tech stocks.
Rank over time, top of the chart is #1. 18 snapshots from 23 h ago to 25 min ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/4370292