Big Tech stocks plunge as AI spending concerns rattle investors
‘Big Money in the Morning’ details a massive sell-off in big tech stocks as disappointing earnings and negative free cash flow from Amazon, Intel, and Alphabet spark investor worries over massive artificial intelligence spending.
Disappointing earnings from giants like Intel, Amazon, and Alphabet trigger a massive sell-off in big tech stocks. Taylor Riggs reports on how a sharp jump in artificial intelligence capital expenditures and negative free cash flow of $42 billion at Amazon are outpacing returns, fueling market worries that the AI boom is stalling.