US STOCKS-Wall Street indexes see red as Big Tech's soaring AI budgets trigger flight
Published on: Jan. 30, 2026, 1:19 a.m. | Source: Devdiscourse
Wall Street's main indexes fell on Thursday with technology-heavy Nasdaq leading declines as investors were rattled by the latest earnings reports and worried about whether hefty spending on artificial intelligence would pay off for mega-cap tech companies. Microsoft slumped 12% after the software giant's cloud revenue failed to impress and stoked fears the hefty outlays behind its OpenAI alliance were not reaping returns fast enough.
