Cracks emerge in AI spending boom as Nasdaq falls 2.9% on Friday
FROM THE WIRE · FINANCE.YAHOO.COM
Investors are getting nervous about AI infrastructure spending just as the Big Tech companies double down. Over the past two weeks, Alphabet, Amazon, Meta, and Microsoft have outlined plans to spend more than $740 billion on capital expenditures this year, which Wall Street is…
Read at the source ↗MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishConcerns over over $740 billion of Big Tech AI capex weigh on the Nasdaq and chip stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Alphabet, Amazon, Meta and Microsoft outlined plans to spend over $740 billion on capex this year.
- 02Investors worry about negative free cash flow, mounting debt and uncertain returns.
- 03On Friday the Nasdaq fell 2.9%, Nvidia dropped 4% and Broadcom more than 5%.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NVIDIA Corporation204.64 USDMarket closedtoday -4.22%Negative Broadcom Inc.326.08 USDMarket closedtoday -5.48%Negative Microsoft Corporation521.91 USDMarket closedtoday -1.55%Negative Alphabet Inc.279.84 USDMarket closedtoday -1.40%Negative Amazon.com, Inc.240.35 USDMarket closedtoday -1.41%Negative NASDAQ Composite25,437.00Market closedtoday -2.86%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets