AI bubble watch: Spooked market sparks $1 trillion Friday tech sell-off

1 month ago 6

Are investors already getting weary of tech's golden goose, artificial intelligence?

On Friday, tech stocks took a hit on Wall Street, and the underlying cause seems to be alarm over record AI infrastructure spending. Microsoft, Amazon, Alphabet, Nvidia, Amazon, Meta, and Oracle were among just some of the companies whose falling shares accounted for $1 trillion in losses from Big Tech stocks, as CNBC reported.

Big tech companies like Amazon and Google have been furiously ramping up capital expenditures to build AI data centers and shifting focus to AI products and services.

The immediate spark for the Friday sell-off was the Amazon fourth-quarter earnings re...

Source: https://mashable.com/article/ai-bubble-watch-tech-stocks-down

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