It's Ben Zynga and here's what's on the block.
The NASDAQ 100 index saw a $1 trillion decline on
Wednesday as investors questioned how long it will take for
substantial investments in artificial intelligence technology to generate returns.
Stocks of major AI focused companies like NVIDIA,
Broadcom and ARM Holdings dropped sharply.
Questions arose around how long it will take for companies
spending huge sums on AI infrastructure to see returns on
their investments.
Alphabet's earnings report, which showed high capital expenditures,
triggered the sell off in AI.
Money Visit Benzinger com.