Markets
US tech stocks rebound after AI-spending selloff; Nasdaq up 0.83%
The Guardian reports the S&P 500 rose 0.37% and the Nasdaq 0.83% on Tuesday, while the Dow fell 0.38% after Apple's margin forecast missed expectations.
AI spending
Follow AI spending through LedgerWire reporting. 3 reports with clear summaries and linked sources.
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US tech stocks recovered on Tuesday afternoon after a selloff driven by investor concerns over AI spending, The Guardian reported. The S&P 500 closed up 0.37% and the Nasdaq gained 0.83%, while the Dow fell 0.38% after Apple's weaker-than-expected margin forecast.
US tech stocks rebound after AI-spending selloff; Nasdaq up 0.83% ↗ Markets
US tech stocks slide as AI spending costs raise investor doubts
Nasdaq 100 fell 3% as Amazon and Intel earnings sparked concerns about returns on AI spending; Intel shares plunged after weak guidance.
Markets
Alphabet sheds $500bn as AI search costs hit ad revenue
Alphabet lost over $500bn in market value as AI search summaries cut ad sales; Amazon and Microsoft also reported heavy AI spending.