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AI Spending Fears Drag Wall Street Lower as Alphabet and Tesla Disappoint
Yahoo Finance·Friday, 24 July 2026
Wall Street fell sharply on Thursday, with the Dow dropping about 1%, the S&P 500 shedding 1.2%, and the Nasdaq tumbling more than 2%. Earnings from Alphabet and Tesla reignited concerns about whether massive AI spending will actually deliver returns. Analysts say markets are now demanding quantifiable results from AI investment, not just hype.
Why It Matters
The AI spending debate shapes valuations of the world's biggest tech companies, many of which are core holdings in global mutual funds and ETFs widely held by Indian investors.
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