Cracks are beginning to show in the stock market, as doubts grow about AI investments

Just one week after hitting fresh all-time highs, U.S. stocks are showing signs of strain as investors begin to fret about returns on the trillions of dollars that have been put into AI.
As of Thursday morning, the S&P 500 was off more than 1% from its week-ago record, while the tech-heavy Nasdaq had fallen about 4% below its peak last week.
Driving the declines: Quarterly revenue growth at Anthropic has slowed, the Financial Times reported Wednesday. The AI giant is expected to be worth more than $1 trillion when it goes public, and at nearly $17 billion, its revenue is still massive and the company said it is profitable.
Opens NBC News in a new tab