Alphabet and Tesla shares plunge as runaway AI spending spooks investors
NY Post
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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...
Tesla Plunges $200B as Tech Sells Off
- Tesla sees a $200 billion wipeout as investors pan Musk’s plan to spend ‘as fast as we can’ MarketWatch —
- Magnificent 7 Loses $767 Billion as AI Skeptics Dump Tech Stocks Bloomberg —
- ASX set to slump as oil surges over $US100, Tesla and Alphabet tumble The Age —
- Tesla stock suffers double-digit drop on carmaker’s worst day in years The Guardian —
- Earnings at Musk's Tesla fall as spending on research cuts into profit from selling cars PBS —