The artificial intelligence bubble is bursting: investors are exiting technology stocks in droves. The artificial intelligence bubble began to deflate in the United States as well - after fresh reports, investors began to exit en masse from the stocks of the largest technology companies. The market is less willing to turn a blind eye to the huge costs of AI if they don't translate into comparable profits. What's happening in the market: Google: shares fell 12.29% on the day, destroying more than 500 billion dollars of capitalization. The company is spending more and more on AI, while the search business brought in less revenue than investors expected. Intel: about minus 25% in the hypermarket. The company expects revenues of only 15-16 billion dollars instead of the 17 billion dollars expected by the market, and the increase in memory prices makes computers more expensive and hurts demand even more. Reddit: almost minus 20% in the supermarket. Google's AI ranking keeps more and more users inside the search itself, so less traffic goes to Reddit and other sites. Amazon: The stock fell 6.3%. Over the past 12 months, the company's free cash flow fell by $42.4 billion, largely due to huge investments in data centers and other infrastructure for AI. By the way, worrying signals come not only from exchanges: at the same time, Elon Musk said that in the future artificial intelligence will be able to independently break into cryptographic exchanges and steal money, acting in its own interests, without human instructions. This is how the billionaire responded to reports of the hacking of the Binance exchange, in which, according to analysts, North Korean hackers may be involved. The issue price is also indicative: the total damage from the hacker attack on Binance is about 6.3 billion dollars. According to the platform's press service, the hack was caused by the compromise of the laptop of one of the DevOps engineers - this allowed hackers to gain access to service systems and withdraw funds. Binance emphasized that there was no evidence of a leak of private wallet keys.

The artificial intelligence bubble is bursting: investors are exiting technology stocks in droves. The artificial intelligence bubble began to deflate in the United States as well - after fresh reports, investors began to exit en masse from the stocks of the largest technology companies. The market is less willing to turn a blind eye to the huge costs of AI if they don't translate into comparable profits. What's happening in the market: Google: shares fell 12.29% on the day, destroying more than 500 billion dollars of capitalization. The company is spending more and more on AI, while the search business brought in less revenue than investors expected. Intel: about minus 25% in the hypermarket. The company expects revenues of only 15-16 billion dollars instead of the 17 billion dollars expected by the market, and the increase in memory prices makes computers more expensive and hurts demand even more. Reddit: almost minus 20% in the supermarket. Google's AI ranking keeps more and more users inside the search itself, so less traffic goes to Reddit and other sites. Amazon: The stock fell 6.3%. Over the past 12 months, the company's free cash flow fell by $42.4 billion, largely due to huge investments in data centers and other infrastructure for AI. By the way, worrying signals come not only from exchanges: at the same time, Elon Musk said that in the future artificial intelligence will be able to independently break into cryptographic exchanges and steal money, acting in its own interests, without human instructions. This is how the billionaire responded to reports of the hacking of the Binance exchange, in which, according to analysts, North Korean hackers may be involved. The issue price is also indicative: the total damage from the hacker attack on Binance is about 6.3 billion dollars. According to the platform's press service, the hack was caused by the compromise of the laptop of one of the DevOps engineers - this allowed hackers to gain access to service systems and withdraw funds. Binance emphasized that there was no evidence of a leak of private wallet keys.