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Wall Street Reacts to Big Tech's AI Spending Surge as Stocks Plummet

Wall Street Reacts to Big Tech's AI Spending Surge as Stocks Plummet

Wall Street closes sharply lower, as AI cash burn fears spark tech selloff
Wall Street closes sharply lower, as AI cash burn fears spark tech selloff

Wall Street closes lower as AI cash burn fears and weak Intel and Amazon results trigger a tech selloff.

Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.
Big Tech’s Data Center Blitz Is Burning Through Cash and Scaring Wall St.

Amazon became the latest tech company to announce swelling investments in A.I. amid stumbling share prices.

Amazon slides 7%, Intel plunges 25% as tech pressure mounts after earnings
Amazon slides 7%, Intel plunges 25% as tech pressure mounts after earnings

Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

U.S. Stocks Dive on AI Spending Fears
U.S. Stocks Dive on AI Spending Fears

U.S. stocks dropped sharply Friday as disappointing quarterly results from Amazon and Intel intensified the tech selloff of the past two days. The Nasdaq Composite dropped almost 3%, while the S&P...

Tech Stocks Poised to Drop After Amazon Adds to AI Spending Fear
Tech Stocks Poised to Drop After Amazon Adds to AI Spending Fear

Tech stocks were poised to drop after Amazon.com Inc. reported greater capital spending than anticipated and the slowest growth in the core e-commerce business in three years.

Amazon and Intel post worse-than-expected results
Amazon and Intel post worse-than-expected results

Investors have grown wary of the AI trade as surging debt and financing costs outpace revenues and push firms into negative cash flows.

US tech stocks see sharp falls as AI spending nears $1tn
US tech stocks see sharp falls as AI spending nears $1tn

Shares in Intel continue to fall while the tech-heavy Nasdaq opens at its lowest level in more than two months.

Big Tech sheds nearly $900bn in rout over soaring AI spending
Big Tech sheds nearly $900bn in rout over soaring AI spending

Cash burn at Google, Amazon and Meta leads Wall Street to question price of AI boom

AI stock selloffs fuel fears Big Tech's best quarters are over
AI stock selloffs fuel fears Big Tech's best quarters are over

Companies such as Intel and ServiceNow saw massive drops in their share prices this week as financial results spook investors, dragging down the U.S. stock market.

Amazon burns cash, Intel flags weak PC demand as AI boom's costs ripple across markets
Amazon burns cash, Intel flags weak PC demand as AI boom's costs ripple across markets

Wall Street's worries about the cost of the AI boom escalated ​after the market close on Thursday, as results from Amazon and Intel showed the infrastructure race is not only straining the tech...

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