“Those looking for signs of stumbling ( #MarketCrash ) may have found confirmation after a series of developments on Mon...

“Those looking for signs of stumbling ( #MarketCrash ) may have found confirmation after a series of developments on Monday. The stock market drop started when #Google -parent, #Alphabet, had its worst day on the market in over a year. A pair of high-profile #AIResearchers left the company last week, worrying investors. Alphabet’s share price had dropped 5% by closing Monday.#ElonMusk’s #SpaceX, which debuted on the market on 12 June to much fanfare, dropped 16% on Monday as the company’s post-initial public offering (IPO) boost continued to ebb. On Monday, the company announced it is looking to raise $20bn in a bond sale, even after the company gained more than $85bn through its IPO, sparking concerns over the massive cost of the company’s projects.“ #SpaceX is not yet part of the #Nasdaq indices, but the fact that it is jumping on the bond train to fund excessive #AI and infrastructure spending revives earlier concerns that #BigTech may be spending too much on #AIInfrastructure and i...