WS #16633
The market is aggressively repricing AI infrastructure stocks after Intel reported a catastrophic earnings miss, sending its shares down 31%, and Alphabet missed search ad revenue targets despite strong cloud growth. This has triggered a broad-based tech selloff, with AMD and Applied Materials also sliding significantly, pushing the Nasdaq 100 into a technical correction. Investors are now questioning the sustainability of massive AI capex spending without immediate revenue returns, leading to a sector-wide de-rating.
AI Cash Burn & Tech Selloff
The market is aggressively repricing AI infrastructure stocks after Intel reported a catastrophic earnings miss, sending its shares down 31%, and Alphabet missed search ad revenue targets despite strong cloud growth. This has triggered a broad-based tech selloff, with AMD and Applied Materials also sliding significantly, pushing the Nasdaq 100 into a technical correction. Investors are now questioning the sustainability of massive AI capex spending without immediate revenue returns, leading to a sector-wide de-rating.