Mmastodon BusinessMarkets first seen 1 d ago, last 1 h ago, peak #1
US tech stocks slide 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 fell sharply on Friday amid mounting investor concern over the scale of spending on artificial intelligence infrastructure. Intel shares dropped by as much as 30%, a day after Alphabet lost more than $500bn in market value. Traders are increasingly questioning whether the industry's huge AI investments, approaching $1tn, will deliver returns.
Why now: Concerns are growing that massive AI expenditure may not justify its cost, triggering a sell-off in major tech stocks.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/4370292