Economy
Wall Street Tech Stocks Plunge Amid Growing AI Spending and Cash Flow Concerns
Livemint1h
THE BRIEF
1
Technology stocks suffered a sharp sell-off on Wall Street as investors grew concerned that massive infrastructure investments in artificial intelligence may fail to yield rapid profits.
2
Alphabet shares plunged 13% on Thursday following earnings reports of disappointing core search sales growth and a second consecutive quarter of negative free cash flow.
3
The Nasdaq 100 Index recorded a 6.7% decline in October, marking its worst monthly performance since March 2025 due to mounting costs for data centres and advanced chips.