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AI spending spooks investors, US tech stocks tumble sharply
What is US tech stocks see sharp falls over AI cost fears?
Shares of major US tech companies fell sharply as investors worried about the massive AI spending budgets. Intel dropped up to 30% and the Nasdaq slid over 3.5% after Alphabet warned its AI-powered search results are hurting ad revenue.
Who it is for
If you follow AI market dynamics, these moves flag valuation risk and could influence funding or hiring decisions.