AI Cloud Stocks Fall as Big Tech Capex Comes in Light: Fastly Sinks 6%, Oracle and Nebius Drop 3%

AI Cloud Stocks Fall as Big Tech Capex Comes in Light: Fastly Sinks 6%, Oracle and Nebius Drop 3%

Microsoft and Alphabet both came up short on capital spending last quarter, and the AI cloud stocks that depend on that expansion are paying the price today. Whether the shortfall signals a slowdown or just a delay could determine how long names like Fastly and Nebius keep sliding.

AI build-out hits snag as Google and Microsoft put off raising capex forecasts

Microsoft and Alphabet both reported capital expenditures that fell short of estimates, adding to concern over the cost of the AI build-out.