AICNBC Techabout 6 hours ago
Tesla and Alphabet shares slump on AI spending fears
1 min read
Alphabet and Tesla shares fell in premarket trading Thursday after both companies signaled higher AI spending. Alphabet shares dropped 4%, Tesla fell over 5%. Alphabet raised its 2025 capex forecast to $195-$205 billion. Tesla reported $5.79 billion in Q2 capex, up 142% year-on-year, and expects over $25 billion.
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