Google, Amazon, and Meta collectively lost nearly $900 billion in market value, according to Financial Times Markets. Investors are concerned about the scale of spending on AI infrastructure, with Alphabet maintaining capital expenditure guidance of up to $205 billion and Amazon spending remaining around $220 billion. The market move reflects growing skepticism about the financial returns on these investments. The selloff also affects perceptions of AI-related companies, particularly Anthropic, whose valuation is being tracked in prediction markets. Anthropic’s announcements, potential funding rounds, and partnerships with companies such as Amazon and Google are likely to influence valuation expectations.
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