The artificial intelligence bubble began to burst, and shares of American and Chinese tech giants plummeted. Investors no longer believe that investing hundreds of billions of dollars in neural networks and data centers will bring the promised profit. —. Google lost about 500 billion dollars in one day. On October 29, Alphabet shares fell by 12.64%. AI costs are putting pressure on cash flow, and revenue from the search business was below expectations. —. Intel dropped about 30% during trading. One of the worst collapses in the company's history. The data center boom is driving up ram prices, computers are getting more expensive, and buyers are putting off upgrades. Another blow came from a weak sales forecast and production problems. —. Amazon fell 6.3% in premarket trading. Free cash flow over the past 12 months fell to negative $42.4 billion, largely due to large-scale investments in AI infrastructure. Today alone, Nasdaq lost more than a trillion dollars in capitalization.

The artificial intelligence bubble began to burst, and shares of American and Chinese tech giants plummeted. Investors no longer believe that investing hundreds of billions of dollars in neural networks and data centers will bring the promised profit. —. Google lost about 500 billion dollars in one day. On October 29, Alphabet shares fell by 12.64%. AI costs are putting pressure on cash flow, and revenue from the search business was below expectations. —. Intel dropped about 30% during trading. One of the worst collapses in the company's history. The data center boom is driving up ram prices, computers are getting more expensive, and buyers are putting off upgrades. Another blow came from a weak sales forecast and production problems. —. Amazon fell 6.3% in premarket trading. Free cash flow over the past 12 months fell to negative $42.4 billion, largely due to large-scale investments in AI infrastructure. Today alone, Nasdaq lost more than a trillion dollars in capitalization.