Wall Street ends down as AI worries slam tech stocks
Technology stocks fell amid concerns over AI competition and stretched valuations as the S&P 500 dropped 1%, marking its fourth decline in five days, analysts said.
- The S&P 500 and Nasdaq fell on AI worries that slammed tech stocks, even as the energy and materials sectors posted gains.
- Eli Lilly's shares rallied around 10% after forecasting 2026 profit above Wall Street expectations, limiting losses in the S&P 500.
- Snowflake, Datadog, and Palantir slumped on concerns that rapidly advancing AI could disrupt industry incumbents.
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77 Articles
Wall Street Shock: Tech Giants Face AI Capex Setback
Wall Street Shock: Tech Giants Face AI Capex Setback Wall Street took a nosedive on Thursday, led by heavy losses in major tech stocks including Microsoft and Amazon, following Alphabet's announcement of potentially doubling its AI-related capital expenditure.The Google parent's stock dropped amid plans to invest as much as $185 billion in capex by 2026, with tech giants collectively expected to spend over $500 billion on AI this year.Investor a…
Stock markets drop amid tech concerns before rate calls
Major European and Asian stock markets mostly fell Thursday after more losses on Wall Street's Nasdaq, where technology firms are under pressure over concerns about vast AI investments.
Asian shares drop after Wall Street retreats thanks to sinking tech stocks
Asian shares are lower after more drops for technology stocks weighed on Wall Street. U.S. futures edged higher and oil prices sank more than $1 a barrel.
Wall Street ends down as AI worries slam tech stocks | Honolulu Star-Advertiser
U.S. stocks ended lower today, with losses in Advanced Micro Devices, Palantir and other technology companies, as investors worried about pricey valuations and whether Wall Street’s AI rally has reached its peak.
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