Big Tech stocks plummet on record AI spending

Skyrocketing AI infrastructure outlays have raised investor concerns over future returns and the potential for a bubble

US technology stocks tumbled sharply after Amazon, Microsoft, Google, and Meta announced plans to spend a combined $660 billion on artificial intelligence in 2026. Investors worried the companies’ capital expenditures could outpace the technology’s earnings potential.
 
Amazon, Google, and Microsoft have lost a combined...