Intel Shares Plunge 30 Percent Amid AI Spending Surge

Intel shares cratered by thirty percent on Friday as soaring artificial intelligence costs rattled Wall Street. The tech-heavy Nasdaq opened down two point five percent at its lowest level in over two months. Alphabet shed more than five hundred billion dollars on Thursday after its AI summaries hit search ad revenue. Amazon shares also dropped six percent following earnings that missed expectations. Here is the catch. Even as computer markets slow down, tech giants are aggressively ramping up equipment spending. Intel finance chief David Zinsner admitted the firm expects no positive cash flow this year. He warned that investments in the next three months will be even more significant.