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Why Google's $205B AI Spending Plan Sparked Wall Street Turmoil

Barchart·07/23/2026 14:42:16
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Google’s bigger-than-expected spike in spending on data centers and other AI infrastructure is rattling Wall Street. While it was the first of the Big Tech giants to report second-quarter earnings, and its competitors' stock prices also dropped Thursday, analysts say the market plunge may not be a reflection of the larger sector's data center spending spree. It may instead be an indication that Google is falling behind in the artificial intelligence arms race.