WS #16569
Amazon's shares fell 7% and Intel plunged 25% following disappointing earnings that highlighted negative free cash flow and surging cloud costs. This event has catalyzed a broader reassessment of AI infrastructure spending, with investors questioning the near-term returns on massive capital expenditures. The selloff is dragging down European and Asian tech indices, signaling a potential shift in market sentiment from growth-at-all-costs to profitability-focused valuation models.
Tech Selloff & AI Capex Fear
Amazon's shares fell 7% and Intel plunged 25% following disappointing earnings that highlighted negative free cash flow and surging cloud costs. This event has catalyzed a broader reassessment of AI infrastructure spending, with investors questioning the near-term returns on massive capital expenditures. The selloff is dragging down European and Asian tech indices, signaling a potential shift in market sentiment from growth-at-all-costs to profitability-focused valuation models.