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Big Tech Earnings Slam Into a Market in Revolt Over AI Spending - Bloomberg.com

Big Tech Earnings Slam Into a Market in Revolt Over AI Spending - Bloomberg.com

For years, US technology giants had a tacit agreement with investors: The companies could spend lavishly on artificial intelligence, and the stock market would reward them long as their revenues were rising. That deal is suddenly breaking down.

For years, US technology giants had a tacit agreement with investors: The companies could spend lavishly on artificial intelligence, and the stock market would reward them long as their revenues wereโ€ฆ [+346 chars]

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