US tech stocks see sharp falls over AI cost fears
Summary
The BBC reports US tech stocks declined as investors weigh the cost of AI expansion. Intel warned of a weaker PC market even as it ramps AI investments; Alphabet's AI-driven ad revenue faced pressure, and other tech names like Amazon, Reddit and Roblox dropped, with the Nasdaq sinking to its lowest level in over two months. The piece highlights how AI cost concerns are impacting valuations and market sentiment.