AI Stocks Fall After Alphabet Earnings Disappoint
Technology stocks slid globally after earnings from major U.S. and Asian tech companies revived concerns about monetizing artificial intelligence. Nasdaq futures fell 1.1%.
Story updates
09:55:12 AM UTC
SquawkNews
By Shashwat ChauhanNasdaq futures fell about 1% on Thursday as Alphabet's results reignited concerns over mounting AI costs, while investors awaited a key inflation reading a day after the US Federal Reserve left interest rates unchanged.Alphabet NASDAQ:GOOG shares slid 10.2% in premarket trading…
By Joe StonorTechnology stocks slid across the globe after earnings from major tech names in the U.S. and Asia reignited worries about how companies can make money from artificial intelligence.Nasdaq futures fell 1.1% as investors honed in on a disappointing set of earnings from Google-parent Alpha…