WS #16901
The AI narrative is facing a reality check as Alphabet's stock plunges on cloud cost concerns and Microsoft scales back its data center expansion in Texas. This reflects a broader market rotation away from high-multiple tech as investors scrutinize the ROI of massive AI infrastructure spending. The selloff is broadening, affecting the entire semiconductor and cloud infrastructure supply chain.
AI Selloff & Tech Earnings
The AI narrative is facing a reality check as Alphabet's stock plunges on cloud cost concerns and Microsoft scales back its data center expansion in Texas. This reflects a broader market rotation away from high-multiple tech as investors scrutinize the ROI of massive AI infrastructure spending. The selloff is broadening, affecting the entire semiconductor and cloud infrastructure supply chain.