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Tesla and Google Shares Slump on AI Spending Worries

July 29, 2026 at 10:05 AM EDT

ⓘ This article is third-party content and does not represent the views of this site. We make no guarantees regarding its accuracy or completeness.

Shares of technology giants Tesla and Alphabet fell sharply after both companies revealed that they are spending billions of dollars on artificial intelligence (AI). Although both companies continue to grow and believe AI will shape the future, investors are becoming concerned about the rising costs and how long it will take before these investments begin to generate strong financial returns.

For companies like AI Maverick Intel Inc. (OTC: AIMV) that have integrated artificial intelligence into their core systems, the results speak for themselves, and…

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