Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.

The market reaction to the results of Google’s parent Alphabet and Elon Musk’s Tesla suggests that investors are becoming increasingly wary of the tech giants’ ballooning spending…

(Bloomberg) -- Stocks fell as unease over ever-higher artificial intelligence investment outweighed an otherwise strong earnings report from Alphabet Inc.

Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.

Alphabet and Tesla both beat revenue expectations, yet their shares fell in after-hours trading due to heavy spending on AI infrastructure.

Tesla and Alphabet shares fell after quarterly results as investors overlooked robust revenue growth and focused on weaker margins, missed earnings and rising AI spending. The…

Shares in the electric vehicle maker had tumbled 14 per cent at midday in New York, as multiple analysts cut their stock price targets.