Amazon.com IncAMZN
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Alphabet shares slipped nearly 1% on Tuesday after a sharp selloff in the previous session revived worries about how much the company is spending on artificial intelligence and whether the outlays will pay off. The stock dropped about 5% on Monday, when investors also pared exposure to other megacap tech names such as Amazon, Meta and Microsoft. The move followed reports that senior DeepMind researcher John Jumper had left for Anthropic, adding to concern around AI talent retention at Alphabet. Alphabet has already signaled capital expenditure of $180 billion to $190 billion in 2026, with spending expected to rise again in 2027. On the chart, Alphabet is trading near a support band between $337.47 and $349.00.
Meta Platforms Inc.