Wall Street sell-off continues as investors question returns on massive AI spending

Wall Street braced for another steep day of losses Friday, with futures falling after the latest earnings from Big Tech reignited concerns that the massive spending on AI may not deliver the returns that investors expect.

Nasdaq 100 futures were down 2.5% and futures tied to the S&P were lower by 1%. Dow futures edged higher.

Intel plunged 25% in premarket trading Friday morning after issuing weaker guidance for the fourth quarter, citing weakness in the PC market and manufacturing bottlenecks. Amazon shares also tumbled, falling 7% following an earnings report that indicated another increase in AI spending.

This comes after shares of Alphabet tumbled more than 12% Thursday, wiping half a trillion dollars off the market value of America’s fourth-largest company.

Friday marks the final trading day of a bruising month for AI stocks as investors continue to scrutinize the enormous cost of the AI boom and demand evidence that those investments will eventually translate into profit.

This is a developing story and will be updated.

周五，华尔街股市再次遭遇重挫，期货价格下跌。此前，大型科技公司的最新财报再次引发了人们的担忧，即在人工智能领域的巨额支出可能无法带来投资者预期的回报。

纳斯达克100指数期货下跌2.5%，标普500指数期货下跌1%，道琼斯指数期货小幅上涨。

英特尔股价周五早盘前交易中暴跌25%，此前该公司发布了更为疲软的第四季度业绩预期，理由是个人电脑市场疲软和生产瓶颈。亚马逊股价也大幅下跌7%，此前该公司发布的财报显示，其在人工智能领域的支出将进一步增加。

此前，Alphabet 的股价周四暴跌超过 12%，导致这家美国第四大公司的市值蒸发了 5000 亿美元。

周五是人工智能股票艰难的一个月的最后一个交易日，投资者继续仔细审查人工智能繁荣带来的巨大成本，并要求提供证据证明这些投资最终将转化为利润。

这是一则正在更新的新闻。