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Tesla and Alphabet shares slump in premarket trading as AI spending concerns spook investors
Tesla and Alphabet shares declined in premarket trading due to investor concerns over increased spending on artificial intelligence. Both companies announced higher investment in AI, which spooked investors.
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Adjacent reporting
- Alphabet and Tesla test Wall Street's patience as AI spending overshadows growth
- Tech earnings intensify AI spend scrutiny
- Investors may be hitting pause on the AI run-up
- AI stock slump raises the question if investors are just taking profits or getting very nervous
- AI stock slump raises the question if investors are just taking profits or getting very nervous
- AI stock slump raises the question if investors are just taking profits or getting very nervous