Wall St slips as Alphabet, AMD forecasts fan AI payoff concerns – Markets

Wall Street’s main indexes fell on Wednesday, as disappointing forecasts from Alphabet and AMD fueled investor doubts around the payoff from hefty investments into artificial intelligence.

Google-parent Alphabet dropped 8.3% after posting downbeat cloud revenue growth and earmarking a higher-than-expected $75 billion for its AI buildout this year.

“While some investors may have hoped that…