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Browsing: Alphabet
Alphabet, Amazon, and Meta report negative cash flow as $740B in AI infrastructure spending weighs on investor sentiment.
US tech stocks tumbled for a second day as investors worry about massive AI spending. Alphabet and Intel shares fell sharply amid fears of an AI investment bubble.
Alphabet’s market value fell by over $500bn as heavy AI spending cut profits and Google search ads declined, rattling Wall Street.
Alphabet shares fell sharply after Q3 net profit slid 25% to $26.2bn, missing analyst forecasts despite a surge in Google Cloud revenue.
Alphabet’s Waymo has joined Ontario’s automated vehicle pilot program, marking its entry into Canada with a phased approach starting in Toronto.
