US Tech Stocks See Sharp Falls As AI Spending Nears $1 Trillion
U.S. technology stocks plunged for a second consecutive day on Friday as investors grew increasingly concerned about the enormous cost of artificial intelligence development and whether those investments will pay off. The Nasdaq fell more than 3.5%, while Intel shares dropped as much as 30%, Reddit fell 26%, and Alphabet extended its losses after sh … ⌘ Read more