Investors Zero In on Runaway Tech Spending, Putting Dent in AI Trade
Concerns about artificial-intelligence spending shaved roughly $890 billion in market value from the Magnificent Seven on Thursday.
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 —