Wall Street’s apprehension about the cost of developing artificial intelligence technology has been simmering beneath the surface of the stock market for months. The next day, the stock tumbled 10%, and the selling continued on Friday, wiping out $381bn (€319.5bn) in market value in two sessions. That reality seemed to sink in on Friday as the shares retreated 3% for their worst day since October 30. That rally has been fueled by the success of Google’s Gemini AI model and excitement about its custom-made AI processors, which are expected to help drive cloud-computing growth. Ultimately, the way to reverse these trends is for companies to show proof that they’re monetising their AI investments, according to Pave Finance’s Corey.

Source: Irish Examiner February 02, 2026 09:40 UTC