Tech Giants Stumble as AI ROI Doubts Intensify
Microsoft (MSFT) shares plunged 17% in 2026, erasing $613B in market value as investors question the profitability of its AI investments. The decline mirrors broader tech sector woes—Amazon (AMZN) dropped 13.85% ($343B loss), while Nvidia (NVDA), Apple (AAPL), and Alphabet (GOOGL) collectively shed $434B.
Meanwhile, infrastructure players like TSMC and Samsung gained ground as capital expenditure shifts toward AI hardware. 'The market is pricing in a reality check,' notes Bernstein analyst Stacy Rasgon, pointing to zero measurable profits from generative AI deployments this year.
Cryptocurrencies tied to AI projects—FET, AGIX, OCEAN—remain volatile amid the sentiment shift. Trading activity spiked on Binance and Coinbase during the selloff.