Alphabet and Amazon Shares Drop Amid Concerns Over AI Capital Expenditure
Investor concerns over rising capital expenditures in the hyperscaler sector led to significant declines for Alphabet (GOOGL) and Amazon (AMZN), with shares down 6% and 4%, respectively. The combined capex of major tech firms reached $452 billion, raising fears that AI monetization is not keeping pace with infrastructure spending.
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Topics: AI capex free_cash_flow hyperscalers