Why AI stocks fell: Big Tech's AI spending now outruns its cash
Alphabet had its worst day since 2004, and Amazon and Intel dragged futures lower before Friday's open. The filings show three of four big AI spenders paid out more cash than they made.
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Alphabet had its worst day since 2004, and Amazon and Intel dragged futures lower before Friday's open. The filings show three of four big AI spenders paid out more cash than they made.