AI 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.
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