@christbrowny
Shares of major tech companies plunged amid growing concerns over massive AI-related spending.
Alphabet’s plan to pour up to $185 billion into AI infrastructure in 2026 - nearly double last year’s outlay - has unnerved investors already questioning the potential return on such heavy investments.
AMD shares tumbled 17% after delivering a weak Q1 outlook, with revenue expected to take a steep hit in China due to ongoing U.S. export restrictions.
Analysts described the sell-off as “driven by fear rather than fundamentals,” pointing to investors’ conflicting views on how AI spending will ultimately affect the software sector.
0 reply
0 recast
2 reactions