US Tech Stocks Plummet as AI Spending Concerns Mount; Microsoft Leads Decline
Business
M
Moneycontrol•29-01-2026, 22:00
US Tech Stocks Plummet as AI Spending Concerns Mount; Microsoft Leads Decline
- •US tech stocks, including the Nasdaq 100, fell significantly due to concerns over the payoff from heavy AI spending.
- •Microsoft's shares plummeted 11.84% after reporting record capital expenditures of $37.5 billion and slowing cloud sales growth.
- •Analysts suggest investors are re-evaluating the AI trade, leading to a re-weighting of big-tech stocks.
- •Meta Platforms Inc. saw its stock rise 7.74% due to a stronger-than-expected revenue outlook, contrasting with Microsoft's performance.
- •Other economic news included a widening US trade deficit in November and Dow Inc. announcing 4,500 job cuts.
Why It Matters: US tech stocks declined sharply as investors questioned the immediate returns on massive AI investments.
✦
More like this
Loading more articles...
