US Stock Market: AI spending fears hammer US tech giants, Alphabet leads selloff (opens original article in a new tab)

US tech stocks fell as investors worried about high AI infrastructure costs, with Alphabet and Amazon leading the decline. Semiconductor companies like Micron rose as demand for AI hardware grew.

• US tech giants faced significant stock declines due to fears over AI spending
• Alphabet and Amazon were among the biggest losers, with large market value losses
• Semiconductor and data-storage companies outperformed despite sector-wide weakness