Business

Tech Stocks Plunge Amid AI Spending Fears

Updated 2026-07-23 09:25 UTC 1 source Negative

Tesla and Alphabet shares fell in premarket trading as investors grew concerned about increased spending on artificial intelligence. Both companies indicated they are ramping up investments, potentially signaling a broader shift in the tech sector.

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CNBC
Both Tesla and Alphabet signaled higher spending as they invest in artificial intelligence.
2026-07-23 08:34 UTC
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