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  • Writer's pictureBy The Financial District

AI Companies Experience $190 Billion Stock Market Value Drop

AI-related companies have collectively lost $190 billion in stock market value following disappointing quarterly results from tech giants Microsoft, Alphabet, and Advanced Micro Devices (AMD), according to Noel Randewich's report for Reuters.


Investors reacted strongly to the earnings reports of these companies, which failed to meet the heightened expectations set by the recent AI-fueled stock market rally. I Photo: AMD X



Investors reacted strongly to the earnings reports of these companies, which failed to meet the heightened expectations set by the recent AI-fueled stock market rally.


Alphabet, Google's parent company, saw its stock drop by 5.6% after its December-quarter ad revenue fell short of expectations.


All the news: Business man in suit and tie smiling and reading a newspaper near the financial district.

Additionally, Alphabet announced increased spending on data centers to support its AI initiatives, highlighting the costs associated with its competition against Microsoft in the AI space.


While Google Cloud revenue slightly exceeded Wall Street targets, Microsoft's Azure experienced faster growth.




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