Nasdaq Falls 2.3 Percent As Big Tech AI Spending Sparks Jitters

Nasdaq futures sank two point three percent on Friday as massive artificial intelligence spending by Big Tech frightened investors. Alphabet shares suffered their worst trading day in history, plunging nearly thirteen percent and erasing five hundred billion dollars in market value after missing earnings. That historic drop came as Google search growth slowed down to twelve percent amid fears of AI cannibalizing the franchise. Amazon shares also slid roughly seven percent following a missed earnings report, while its aggressive infrastructure spending pushed free cash flow down to negative forty-two point four billion dollars over the past year. One source notes Amazon shares dropped late Thursday, while another places the decline in premarket trading. Meanwhile, Intel slumped more than twenty-five percent on a soft fourth-quarter outlook, and Microsoft bucked the trend by rising four percent in extended trading after robust Azure cloud growth.