# US tech stocks fall sharply as investors worry about AI spending costs

> Original title: US tech stocks see sharp falls over AI cost fears

- Source: Hacker News · AI (150+ points)
- Published: 2026-10-30T16:13:02.000Z
- Bad Influence: https://badinfluence.news/items/oidi8q8lzhz3g67v6dlywenkt
- Original: https://www.bbc.co.uk/news/articles/cvwy72e0n72yo

## Summary

Tech 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. The Nasdaq fell more than 3.5%, though it remains up 7.6% over the past year.