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US Stock Market: AI spending fears hammer US tech giants, Alphabet leads selloff
Wall Streets AI-driven technology rally faced pressure as investors questioned whether rising infrastructure spending can generate sufficient returns. While hyperscalers such as Alphabet, Amazon, Meta and Microsoft declined sharply, semiconductor and data storage firms including Micron continued gaining on strong AI hardware demand expectations.
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channelnewsasia.com
US tech megacaps slide as SpaceX extends slump, AI expense concerns grow
June 22 : Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of…
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forbes.com
In The AI Age, A Tech Rout Affects The U.S. Stock Market A Lot
U.S. and global tech stocks fell, led by AI giants amid valuation and bubble concerns.
