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Alphabet's (GOOGL) shares fell nearly 3% after unveiling a 2026 AI-related capex plan 55% above expectations, intensifying tech sector jitters amid broader economic concerns and weak labor data.
Google’s massive $185 billion AI capex plan triggers a sharp 3% premarket stock drop amid a broader tech selloff worsened by chipmaker declines and investor concerns over escalating AI costs.
The dollar strengthened amid rising risk aversion as the Bank of England held rates, pushing GBPUSD lower. EURUSD slipped ahead of the ECB meeting expected to keep rates steady. Google shares tumbled…