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US Tech Stocks Plunge Amid Growing Anxieties Over Artificial Intelligence Costs

Major technology stocks experienced significant declines, with the Nasdaq dropping to a two-month low. Companies like Intel and Alphabet suffered massive losses as investors grew increasingly concerned about the high costs associated with artificial intelligence investments.

Referenced News Coverage (3 sources)

US tech stocks see sharp falls as AI spending nears $1tn (BBC News)
Intel stock drops 25% after $500bn wiped off value of Google’s parent company Alphabet (The Independent UK)
Tech sell-off drives US markets down by nearly $1tn after subpar earnings reports (The Guardian)