Alphabet Plunge Drags Nasdaq Down Over 1% on AI Spending Concerns

Alphabet shares fell over 10%, on track for their biggest one-day drop, after results reignited fears about AI-related capital expenditure and returns. The selloff dragged the Nasdaq down more than 1%, signaling broad market concern over big-tech AI spending. The key uncertainty is whether this marks a sector-wide repricing or a company-specific disappointment.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works