Chip and Cloud Stocks Slip as Microsoft and Alphabet Results Stir AI Spending Questions
Microsoft and Alphabet earnings left questions about the sustainability of AI spending, while chip stocks slipped. Advanced Micro Devices was down 1.5%.
By Adam ClarkBig Tech earnings aren't giving the artificial-intelligence trade much of a boost on Thursday. Results from Microsoft and Alphabet raised as many questions about the sustainability of AI spending as they answered.Chip stocks were slipping, with Advanced Micro Devices down 1.5% and Broa…