Google, Amazon, Intel Shares Plunge Over 13% on AI Spending Concerns
Shares of Alphabet, Amazon, and Intel dropped sharply on Thursday, with Alphabet falling over 13%. Investors are worried about rising AI-related expenses, weakening cash flows, and a cautious outlook. Alphabet's Q3 results missed Wall Street estimates due to slower search advertising growth and increased AI investments, which negatively impacted market sentiment.
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