Alphabet Sinks 6%, Amazon Slides 4% Amid AI Capex Anxiety Across the Hyperscalers
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Alphabet and amazon stocks have declined, with alphabet sinking 6% and amazon sliding 4%, amid concerns about capital expenditure related to artificial intelligence. The decline is part of a broader trend affecting major tech companies, with some outlets reporting significant losses and others discussing the impact of ai investments on their financials. The situation has led to uncertainty and varying assessments of the affected companies' prospects.
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