AI stock slump raises the question if investors are just taking profits or getting very nervous
Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts. Proponents of artificial intelligence see it as the next great revolution for the global economy. The revolution won't come cheap. Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers. This are...
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