CNBC·4 min read·medium
Tesla, Alphabet stock falls as AI spending concerns spook investors
A
Arjun Kharpal
✦AI Summary
Tesla and Alphabet stocks dropped significantly after both companies reported massive increases in capital expenditure for artificial intelligence initiatives. Investors expressed concern over the mounting costs and the timeline for returns on these heavy investments.
Shares of Alphabet and Tesla fell on Thursday after both companies signaled increased AI spending , unnerving investors worried about the mounting costs of the artificial intelligence boom.
businesstechnologyeconomy
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