Google slammed with $200B stock hit over AI spending fears, slowing revenue growth

Google parent Alphabet’s stock plunged by more than 8% — wiping out more than $200 billlion in market value — after the search giant unveiled plans for a massive uptick in AI-related spending despite a slowdown in revenue.Google and other US tech firms are facing intense investor scrutiny over their ballooning AI spending plans after Chinese startup DeepSeek revealed last month it had trained a model for less than $6 million – purportedly without access to chip supplier Nvidia’s best hardware.Alphabet share ...