Wall Street technology stocks tumble as massive AI spending worries investors

The S&P 500 and Nasdaq dropped on Thursday as Microsoft and other software giants faced selloffs. Investors remain cautious about the high costs of AI growth.

洞察:
Major United States USUS equity indexes, including the S&P 500 and the Nasdaq Composite, closed lower on January 30, 2026, as investors reacted to a wave of earnings reports. The decline was fueled by growing concern that the heavy AI-related spending by mega-cap technology firms may not deliver near-term returns. This sentiment triggered sizable declines in major software and cloud stocks, weighing heavily on the technology sector and the communications services sector.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 28, 2026. REUTERS/Brendan McDermid
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., January 28, 2026. REUTERS/Brendan McDermid
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