Dow Jones Top Markets Headlines at 5 PM ET: AI Spending Jitters Weigh on Tech Stocks | U.S. ...

US Stock Market: AI spending fears hammer US tech giants, Alphabet leads selloff

Alphabet (-6%), Amazon (-4.8%), Meta lost hundreds of billions as investors doubt whether AI capex will justify the spending. Market diverges: hyperscalers writing checks decline; suppliers receiving them (Micron +5.8%) thrive, revealing concerns about near-term AI monetization.