Big tech stocks slide amid AI spending concerns

Tech giants like Microsoft and Amazon lose billions as investors prioritize earnings over AI, while TSMC and Samsung thrive.

Microsoft, Amazon, Apple, Nvidia, and Alphabet have all suffered steep losses this year, with Microsoft dropping 17% and Amazon falling nearly 14%. Investors are growing cautious as AI spending concerns weigh heavily on valuations.

This shift signals a market focus on immediate earnings rather than the long-term promise of AI, marking a notable change in investor sentiment across the tech sector.

Despite the setbacks for these giants, the tech landscape is not uniform, with other companies managing to grow despite market turbulence.

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