U.S. technology megacaps sold off on AI spending concerns, with SpaceX falling for a third straight session and Alphabet and Amazon poised to lose billions in market value. The move points to weakening investor appetite for expensive AI-related capex among hyperscalers and could pressure the broader tech complex.
U.S. technology megacaps sold off on AI spending concerns, with SpaceX falling for a third straight session and Alphabet and Amazon poised to lose billions in market value. The move points to weakening investor appetite for expensive AI-related capex among hyperscalers and could pressure the broader tech complex.
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mildly negative
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