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Alphabet (GOOGL) Sinks on Aggressive AI Spending Plans, Dragging Tech Stocks Lower

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • Alphabet’s 4.2% drop followed a costly AI-focused capex increase, triggering tech selloffs including Microsoft and Tesla.
  • Investors questioned AI’s value and tech valuations amid weaker earnings and cautious forecasts, causing broader market declines and risk-off sentiment.
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GOOGL price history

344.98 +8.10% over the displayed period

Advisor Snapshot

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