AI Companies Lose $190 Billion in Market Cap After Alphabet, Microsoft Report Quarterly Results

AI Companies Lose $190 Billion in Market Cap After Alphabet, Microsoft Report Quarterly Results

AI-related companies lost $190 billion (roughly Rs. 15,77,620 crore) in stock market value late on Tuesday after Microsoft, Alphabet and Advanced Micro Devices delivered quarterly results that failed to impress investors who had sent their stocks soaring. The selloff following the tech giants’ reports after the bell underscored investors’ elevated expectations following…