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Shares of Alphabet and Tesla fell after both companies reported massive spending increases in their quarterly earnings, the results show.
The shared selloff placed two of the market's most-watched names on the same side of a single investor question: how much AI spending is acceptable when growth is not keeping pace.
Earnings reveal the cost Alphabet and Tesla each disclosed significant cost increases alongside their most recent quarterly results, according to those reports.
The increases, described as massive in each case, drew a consistent market response. Shares of both companies dipped on the disclosures.
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