Big Tech’s AI Spending Spooks Investors
Mădălin Mihai
The stock market has begun killing its darlings, sliding into a brutal selloff that has rippled across the technology sector. Nvidia, the chipmaker synonymous with the AI boom, has shed around 17 percent of its value since its October high and hit a year-to-date low on February 5. Enterprise software stocks have lost roughly $1 trillion in market capitalization since late January, while in early February the Nasdaq was on track for its worst stretch since April. Amazon’s stock plunged around 10
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