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Alphabet and Tesla test Wall Street's patience as AI spending overshadows growth
Shares of Alphabet and Tesla declined following their quarterly earnings reports, which revealed significant spending increases. The companies' heavy investment in AI and other areas overshadowed growth expectations, testing Wall Street's patience.
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Adjacent reporting
- Tech earnings intensify AI spend scrutiny
- Wall Street's record-breaking rally slows as Alphabet drags on the market
- Wall Street's record-breaking rally slows as Alphabet drags on the market
- Is Tesla succeeding in AI? Watch this for a clue.
- Alphabet’s stock falls as Gemini delays suggest Google is struggling to keep up in the AI race
- Wall Street hangs around its records as the AI boom keeps growing