US stocks slide as Intel plunges and AI spending fears grow

economia.uol.com.br (Portuguese) —

US stocks fell sharply Friday, with the Nasdaq down nearly 4%, driven by Intel's plunge and growing investor fears over massive AI spending and its uncertain returns. Intel shares collapsed over 31% after a weak sales forecast, citing soft PC processor demand and supply chain issues. Amazon and Alphabet also declined, as heavy AI infrastructure costs pressured cash flow and overshadowed cloud growth. Combined AI investments by Amazon, Google, Microsoft, and Meta exceeded $200 billion in the third quarter, raising concerns about financing and debt costs. Analysts warn of potential overinvestment, though UBS remains positive on tech, recommending diversification.


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