Big Tech Stocks Wipe Out Over $1 Trillion Amid AI Spending Fears

Big Tech stocks have lost over $1 trillion in market value in the past week due to fears of an AI spending bubble. Companies like Microsoft, Nvidia, Oracle, Meta, Amazon, and Alphabet have seen their shares fall as earnings reports signal continued high spending on AI. Investors are questioning the return on investment and potential over-expansion of capacity, leading to continued volatility for stocks developing hardware for the AI buildout.