Nasdaq Falls as Alphabet Slumps on AI Spending
The Nasdaq declined on Thursday as Alphabet shares dropped following disappointing search results and rising artificial intelligence costs. Other major sectors saw gains while investors monitored economic data.
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The Nasdaq fell 1.2% on Thursday afternoon as ALPHABET INC-CL A tumbled toward a record loss, driven by mounting AI spending concerns. The tech-heavy index faced intense pressure while broader markets found support in financials and healthcare. The sell-off highlights investor anxiety over debt-financed artificial intelligence infrastructure as borrowing costs climb.
