{"id":278703,"date":"2026-06-22T13:20:00","date_gmt":"2026-06-22T17:20:00","guid":{"rendered":"https:\/\/news-you-need.com\/index.php\/2026\/06\/22\/big-tech-stocks-slide-as-spacex-extends-slump-ai-concerns-grow\/"},"modified":"2026-06-22T13:30:12","modified_gmt":"2026-06-22T17:30:12","slug":"big-tech-stocks-slide-as-spacex-extends-slump-ai-concerns-grow","status":"publish","type":"post","link":"https:\/\/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":"

Big Tech stocks slide as SpaceX extends slump, AI concerns grow<\/a><\/p>\n

https:\/\/www.bnnbloomberg.ca\/investing\/2026\/06\/22\/us-tech-megacaps-slide-as-spacex-extends-slump-ai-expense-concerns-grow\/<\/a><\/p>\n

Publish Date: 2026-06-22 13:20:00<\/a><\/p>\n

Source Domain: www.bnnbloomberg.ca<\/a><\/p>\n

BNN Bloomberg is Canada\u2019s definitive source for business news dedicated exclusively to helping Canadians invest and build their businesses. <\/span><\/p>\n

Shares of U.S. technology megacaps tumbled on Monday as SpaceX fell for the third straight session and hyperscalers Alphabet and Amazon looked set to lose billions of dollars in market value, driven by AI spending concerns.<\/p>\n

SpaceX slid over 10 per cent after last week\u2019s blistering post-IPO rally. The Elon Musk-led firm said it is launching a notes offering on Monday.<\/p>\n

Alphabet dropped six per cent, set for its biggest one-day fall since May 2025 and on pace to erase more than US$256 billion in market capitalization. Google DeepMind\u2019s senior research scientist and Nobel laureate John Jumper said he was leaving for AI startup Anthropic, the lab\u2019s latest high-profile exit.<\/p>\n

\u201cThis is more of a broader sector pullback on ongoing anxiety over tech companies\u2019 massive capital spend on the AI infrastructure,\u201d said David Wagner, head of equity and portfolio manager at Aptus Capital Advisors.<\/p>\n

Amazon.com lost 4.8 per cent, while Meta Platforms and Microsoft eased around three per cent each. The three stocks together were set to lose more than $248 billion in market value.<\/p>\n

Hyperscalers have committed billions to scale up their artificial intelligence infrastructures, though clearer evidence that AI products can generate returns that justify the spends are yet to be seen, raising concerns among investors.<\/p>\n

Meanwhile, shares of most chip-related stocks were higher, with memory chipmaker Micron Technology leading the way with a 5.8 per cent gain to hit record highs. Micron also announced a strategic agreement with Anthropic to scale next-generation AI infrastructure.<\/p>\n

\u201cThere\u2019s a distinguishing aspect of this market between those who are receiving the checks, like memory names and those who are writing the checks,\u201d Aptus Capital Advisors\u2019 Wagner said.<\/p>\n

Micron and other data storage companies SanDisk and Western Digital are the…<\/p>\n

Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Big Tech stocks slide as SpaceX extends slump, AI concerns grow https:\/\/www.bnnbloomberg.ca\/investing\/2026\/06\/22\/us-tech-megacaps-slide-as-spacex-extends-slump-ai-expense-concerns-grow\/ Publish Date: 2026-06-22…<\/p>\n","protected":false},"author":1,"featured_media":278706,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/www.bnnbloomberg.ca\/resizer\/v2\/6LFKNNFCJDVDTTWZYXGF3L45TI.jpg?smart=true&auth=741f8fcb95c274e5788246ef7c711ec444468191cd1facbac056e7acfb3e385e&width=1200&height=630","fifu_image_alt":"","footnotes":""},"categories":[14],"tags":[],"class_list":["post-278703","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-artificial-intelligence"],"_links":{"self":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/278703"}],"collection":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/comments?post=278703"}],"version-history":[{"count":1,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/278703\/revisions"}],"predecessor-version":[{"id":278707,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/posts\/278703\/revisions\/278707"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media\/278706"}],"wp:attachment":[{"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/media?parent=278703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/categories?post=278703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news-you-need.com\/index.php\/wp-json\/wp\/v2\/tags?post=278703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}