S&P 5007,765.36▼0.5% Nasdaq27,193.34▼1.2% Dow51,231.64▲0.1% Russell 2K2,794.13▲0.0% 10-Yr5.23%−5bp VIX15.41+0.33 WTI$91.10▲3.2% Gold$4,157.80▲0.4% EUR/USD1.122▼0.3% BTC$84,464▲1.8% Nikkei70,036▼0.9%
At close · Thu, Oct 8, 2026
Daily Market Updates.

US Markets

Home›US Markets›Equities›Elice's huge stock swings show AI's spending boom is g…

Elice's huge stock swings show AI's spending boom is getting more investor scrutiny

Reported · Written up by our desk · Equities

The AI boom is entering a more unforgiving phase, as investors question whether the billions poured into data centers will translate into sustainable profits.

← Newer storyWhy is Elon Musk plotting a mega-merger of SpaceX and Tesla?

More like this

US MarketsSpaceX, Anthropic and Nvidia Help Snap Tech Stocks Out of Their Recent Malaise
US MarketsTesla beats earnings projections after Musk floats SpaceX merger plan
US MarketsTesla Profit Slumps as Elon Musk’s Car Company Considers Merging With SpaceX
US MarketsSouthwest Airlines cuts 2026 profit forecast on higher fuel
US MarketsOne of Your Fuel Bills Is Poised to Be Lower This Year

Sources

CNBC MarketsElice's huge stock swings show AI's spending boom is getting more investor scrutiny
CNBC WorldElice's huge stock swings show AI's spending boom is getting more investor scrutiny

Get the close, explained.

One email every trading day: what moved, why it moved, and what's on deck tomorrow. Read in 3 minutes.

Free. Unsubscribe anytime.