00:00It's Benzinga, bringing Wall Street to Main Street.
00:02A two-day technology sell-off wiped more than $600 billion from Alphabet and Intel
00:08as investors grew concerned about mounting artificial intelligence spending.
00:13Alphabet reported a second consecutive quarter of negative free cash flow,
00:17while Amazon plans $220 billion in capital expenditures this year.
00:23Meta also entered a bear market as its cash flow turned negative.
00:26The Philadelphia Semiconductor Index fell 7.2% Friday, extending its October losses beyond 15%.
00:34According to FINRA, retail margin debt reached a record $1.502 trillion in June 2026,
00:42before declining slightly to $1.48 trillion in September.
00:46Apollo chief economist Torsten Sluck said AI has delivered no financial payoff to corporate America
00:52outside the technology sector, with mainstream companies increasingly viewing AI spending as a cost
00:58rather than a source of growth.
01:00For all things money, visit Benzinga.com.
