Rightmove stock tumbles as AI spending plan sparks investor caution

Core Viewpoint - Shares in British real estate portal Rightmove experienced a significant decline of up to 28% following the company's warning of slower profit growth in the upcoming years, attributed to increased investments in artificial intelligence [1] Company Summary - Rightmove's stock price fell sharply due to concerns over future profitability, indicating potential challenges in maintaining growth amidst rising operational costs related to technology investments [1] - The company is focusing on accelerated investments in artificial intelligence, which may impact short-term financial performance but could be aimed at long-term strategic positioning [1]