US tech stocks fall sharply as investors worry about AI spending costs
AITech stocks fell for a second day as investors questioned the hundreds of billions of dollars firms are spending on AI, with Intel down as much as 30% on Friday. Alphabet lost more than $500bn in market value on Thursday after saying its AI summaries were affecting search advertising revenue, while Meta, Alphabet, Oracle, Amazon and Microsoft have committed $800.6bn to spending in 2026.
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Hacker News · AI (150+ points) · mindracer · bbc.co.ukPublished · added here
Original title: US tech stocks see sharp falls over AI cost fears