Wall Street ends down as AI worries slam tech stocks
US stocks have ended lower with losses ?in Advanced Micro Devices, Palantir and other technology companies, as investors worried about pricey valuations and whether Wall Street’s AI rally has reached its peak.
Alphabet fell almost two per cent ahead of its quarterly results after the bell. After the close, it regained two per cent as the company said it was aggressively ramping up spending as it deepens its investments in the AI race.