Source: International Business Times
While Tesla fell about 4% and Alphabet lost more than 3% as both companies reported negative free cash flow for this quarter, they assured investors that this was to be expected due to their investments in AI. Kirill Kudryavtsev/AFP via Getty Images Wall Street's enthusiasm for artificial intelligence is facing a new reality check after Alphabet and Tesla's AI investments started overshadowing the companies' financial growth as their stock dipped. Combined with a jittery session for markets, influenced by escalating clashes in the Middle East, Tesla fell more than 13%, while Alphabet lost more than 7% as both companies reported negative free cash flow for this quarter.
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