US stocks slide as tech earnings fuel AI investment doubts

Wall Street stocks fell early Friday, with the tech-heavy Nasdaq dropping over two percent after disappointing earnings from major technology companies intensified concerns about the artificial intelligence investment boom. Intel shares plunged nearly 30% following weak results, while Amazon fell 1.8%, adding to investor unease after Meta and Alphabet also reported disappointing earnings. The Dow slipped 0.3%, the S&P 500 declined 1.2%, and the Nasdaq dropped 2.2% in early trading. The declines reflect growing doubts about the costly AI infrastructure programs pursued by tech giants, with analysts noting significant growing pains in the sector. Questions about financing and potential job losses have also emerged, fueling worries that the entire industry may slow down.