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AI Giants' Spending Spooks Investors as Stocks Sink

Original: artificial intelligence

Major technology companies investing heavily in artificial intelligence are rattling financial markets. New figures show share prices falling and money flowing into bonds, as investors grow nervous about the scale of spending by AI industry leaders. Traders are questioning whether the huge outlays on data centres and computing power will deliver returns, prompting a shift toward safer assets.

Why now: Fresh market reaction to heavy AI spending by leading tech companies has unsettled investors.

Reutersartificial intelligence industrybond marketstock market

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Evidence

• Shares of Google’s parent company just had their worst day ever. Here’s what it means · CNN
• Alphabet Sheds Half a Trillion in Market Value in Stock’s Worst Day Ever · WSJ
• Stocks sink, bonds leap as AI giants' spending spooks investors · Reuters

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