https://newyork365.info/2026/01/29/big-techs-skyrocketing-ai-spending-triggers-market-sell-off-pulling-sp-500-and-nasdaq-down/
The S&P 500 and Nasdaq both closed lower on Wednesday as soaring artificial intelligence (AI) budgets among Big Tech companies sparked a notable market flight, according to Reuters. Investors appeared cautious amid concerns that escalating technology spending could weigh on future profits, leading to a broad pullback in the tech-heavy indexes. The sell-off highlights mounting apprehension over the sustainability of AI-driven growth hype, despite the sector’s recent rally.
S&P 500 and Nasdaq Retreat Amid Investor Concerns Over AI Spending
Investors grew wary as the technology sector showed signs of strain, with the S&P 500 and Nasdaq indexes closing lower amid concerns over escalating AI expenditures by major tech firms. Market participants fear that massive budgets dedicated to artificial intelligence growth may pressure profit margins and lead to longer-term volatility. This cautious sentiment was reflected in the sharp retreat of several Big Tech stocks, which…
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Author : Noah Rodriguez
Publish date : 2026-01-29 23:26:00
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