Tech Giants Face Reality Check as AI Costs Rattle Nasdaq 100

The relentless optimism surrounding artificial intelligence investments is showing its first cracks, sending the Nasdaq 100 into a downward spiral. Ironically, the very technology behemoths driving the AI revolution are now triggering the sell-off as investors shift focus from growth potential to the staggering infrastructure expenses required to power this transformation. Is the technology rally facing a substantial correction?

While some major players faced significant setbacks, others provided encouraging counterpoints. Alphabet emerged as a clear winner, climbing 2.5% following robust cloud and advertising performance. More significantly, after-hours trading brought renewed optimism as Amazon surged over 13% and Apple gained more than 3% on strong earnings reports. These positive indicators from extended trading suggested potential Read more...