Big US tech stocks swing as investors probe AI spend

The share prices of the biggest US tech firms swung up and down as investors considered their immense spending on artificial intelligence (AI). Meta, Alphabet, Microsoft, and Amazon reported their first-quarter results, with Meta's shares slumping over 5% and Microsoft and Amazon down 2% and 1.6% respectively, while Alphabet's stock jumped nearly 6%. Investors are scrutinizing whether the $500bn+ AI spending will yield returns.

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