Alphabet and Tesla shares plunge as runaway AI spending spooks investors
Shares of Alphabet and Tesla took a beating Thursday after the tech giants said they would ramp up their already breakneck pace of artificial intelligence spending – which rattled investors who are increasingly wary of companies’ runaway AI spending. Tesla shares fell 10% and Alphabet dropped over 5%. The dismal day of trading comes after...
Generated by Pulse AI, Glideslope's proprietary engine for interpreting market sentiment and economic signals. For informational purposes only — not financial advice.