US EditionAI companies lose $190 billion in market cap after Alphabet and Microsoft report
- AI-Related companies, including Microsoft, Alphabet, and Advanced Micro Devices, experienced a $190 billion loss in stock market value after disappointing quarterly results, highlighting investors' high expectations due to the AI-driven stock market rally.
- Alphabet, the parent company of Google, suffered a 5.6% drop in shares due to lower-than-expected ad revenue and increased spending on data centers to compete with AI rival Microsoft.
- Microsoft's stock fell 0.7% despite beating revenue estimates, reflecting the volatile nature of the AI market. Investors are closely monitoring how these companies navigate the challenges and capitalize on AI promises.
6 Articles
6 Articles
AI stocks crash, companies lose $190 billion as Google, Microsoft, other tech companies reveal earnings
Market cap and stock prices of various tech companies, especially those that are working with AI saw a crash on Tuesday, after several tech companies like Google, Microsoft and other tech companies revealed their quarterly earnings
AI companies lose $190 billion in market cap after Alphabet and Microsoft report
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring.
AI companies lose $190 billion in market cap after Alphabet and Microsoft report
AI-related companies lost $190 billion in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring.The selloff following the tech giants' reports after the bell underscored investo
AI Companies Lose $190 Billion in Market Cap After Alphabet, Microsoft Report
AI-related companies lost $190 billion (roughly Rs. 15,77,620 crore) in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring.The selloff following the tech giants' reports after the bell underscored investors' elevated expectations following an AI-fueled stock market rally in recent months that propelled their shares …
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