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Tesla Plunges 14%, Alphabet Falls 7% as AI Spending Worries Wall Street
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Tesla Plunges 14%, Alphabet Falls 7% as AI Spending Worries Wall Street

Wall Street’s enthusiasm for artificial intelligence (AI) took a hit after Tesla and Alphabet reported quarterly earnings, triggering a sharp sell-off in technology stocks. Tesla shares plunged around 14%, while Alphabet dropped nearly 7%, as investors shifted focus from AI-driven growth to concerns over rising costs, shrinking margins, and weaker cash flow. The market reaction...