The AI bill sinks tech companies in the stock market

The week ended poorly for major tech companies, with Alphabet's stock dropping 12.6%, marking its worst session since 2004. Despite strong AI business performance, investor confidence is waning due to disappointing earnings reports. Google’s search revenue stagnated, while Amazon's AWS exceeded expectations but fell short on profits. Microsoft fared better with Azure's growth, showing that the market punishes excessive spending rather than investment in AI. Economic conditions, including rising interest rates, complicate financing for infrastructure projects. Nvidia's upcoming results will be closely watched as Wall Street's patience diminishes.