{"id":235213,"date":"2026-06-22T13:20:00","date_gmt":"2026-06-22T17:20:00","guid":{"rendered":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/22\/big-tech-stocks-slide-as-spacex-extends-slump-ai-concerns-grow\/"},"modified":"2026-06-22T13:25:11","modified_gmt":"2026-06-22T17:25:11","slug":"big-tech-stocks-slide-as-spacex-extends-slump-ai-concerns-grow","status":"publish","type":"post","link":"https:\/\/testing.news-you-need.com\/index.php\/2026\/06\/22\/big-tech-stocks-slide-as-spacex-extends-slump-ai-concerns-grow\/","title":{"rendered":"Big Tech stocks slide as SpaceX extends slump, AI concerns grow"},"content":{"rendered":"<p><a href=\"https:\/\/www.cp24.com\/news\/money\/2026\/06\/22\/us-tech-megacaps-slide-as-spacex-extends-slump-ai-expense-concerns-grow\/\">Big Tech stocks slide as SpaceX extends slump, AI concerns grow<\/a><\/p>\n<p><a href=\"https:\/\/www.cp24.com\/news\/money\/2026\/06\/22\/us-tech-megacaps-slide-as-spacex-extends-slump-ai-expense-concerns-grow\/\">https:\/\/www.cp24.com\/news\/money\/2026\/06\/22\/us-tech-megacaps-slide-as-spacex-extends-slump-ai-expense-concerns-grow\/<\/a><\/p>\n<p>Publish Date: <a href=\"publish_date]\">2026-06-22 13:20:00<\/a><\/p>\n<p>Source Domain: <a href=\"www.cp24.com\">www.cp24.com<\/a><\/p>\n<p>Certainly! Here is a summary of the article using an unordered list with key points:<\/p>\n<ul>\n<li>\n<p><strong>Technology Megacaps\u2019 Decline<\/strong>:<\/p>\n<ul>\n<li>Shares of U.S. technology megacaps, including SpaceX, Alphabet, and Amazon, experienced significant drops in stock value on Monday.<\/li>\n<li>Specifically, SpaceX fell for the third consecutive session, posting over 10 percent decline.<\/li>\n<li>Alphabet\u2019s stock plummeted by six percent, marking its biggest single-day fall since May 2025.<\/li>\n<li>Amazon\u2019s stock dropped by 4.8 percent, while Meta Platforms and Microsoft saw declines of around three percent each.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>AI Spending Concerns<\/strong>:<\/p>\n<ul>\n<li>The declines are driven by investor concerns over the significant capital expenditure tech companies are making to scale up their artificial intelligence infrastructure.<\/li>\n<li>Despite huge investments in AI, conclusive evidence of returns that justify these expenditures is still lacking.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Notable Exits<\/strong>:<\/p>\n<ul>\n<li>Google DeepMind\u2019s senior research scientist and Nobel laureate John Jumper announced his departure to join AI startup Anthropic, highlighting a trend of high-profile exits from major tech firms.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Market Reaction<\/strong>:<\/p>\n<ul>\n<li>Combined losses from Amazon, Alphabet, and Meta were set to erase more than $248 billion in market value.<\/li>\n<li>The situation underscores broader market anxiety surrounding tech companies&#8217; substantial investments in AI infrastructure.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>Performance of Chip Stocks<\/strong>:<\/p>\n<ul>\n<li>In contrast, most chip-related stocks performed well.<\/li>\n<li>Memory chipmaker Micron Technology saw a 5.8 percent gain, hitting record highs.<\/li>\n<li>Micron also secured a strategic agreement with Anthropic to scale next-generation AI infrastructure.<\/li>\n<\/ul>\n<\/li>\n<li>\n<p><strong>AI Demand Optimism<\/strong>:<\/p>\n<ul>\n<li>Data storage companies like Micron, SanDisk, and Western Digital are the best-performing stocks on the S&amp;P 500 this year, benefiting from hopeful robust AI-related demand.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p>This summary encapsulates the main points of the article without reproducing copyrighted content directly.<\/p>\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Big Tech stocks slide as SpaceX extends slump, AI concerns grow https:\/\/www.cp24.com\/news\/money\/2026\/06\/22\/us-tech-megacaps-slide-as-spacex-extends-slump-ai-expense-concerns-grow\/ Publish Date: 2026-06-22&#8230;<\/p>\n","protected":false},"author":1,"featured_media":235214,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.cp24.com\/resizer\/v2\/6LFKNNFCJDVDTTWZYXGF3L45TI.jpg?smart=true&auth=741f8fcb95c274e5788246ef7c711ec444468191cd1facbac056e7acfb3e385e&width=1200&height=630","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[20],"class_list":["post-235213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence","tag-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235213"}],"collection":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=235213"}],"version-history":[{"count":1,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235213\/revisions"}],"predecessor-version":[{"id":235215,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/235213\/revisions\/235215"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/235214"}],"wp:attachment":[{"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=235213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=235213"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/testing.news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=235213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}