Wall Street Slides as Alphabet Revenue Miss Revives AI Spending Jitters
U.S. stocks retreated Thursday as investors reassessed big tech’s AI spending after earnings, inflation data and the Federal Reserve’s policy decision.
By Stephen Culp and Shashwat ChauhanUS stock prices retreated on Thursday, with investors reassessing big tech's massive AI spending spree as they digested high-profile earnings, crucial inflation data and the US Federal Reserve's policy decision.All three major US stock indexes were in negative te…