Nasdaq 100 Falls as AI Trade Shows New Cracks

A global rally in technology shares faltered as disappointing earnings from two industry heavyweights revived doubts over whether billions of dollars in artificial-intelligence spending will deliver sufficient returns. Google parent Alphabet sank a record 13% on a sales miss, while Microsoft is looking to raise at least $25 billion from a US investment-grade bond sale. Amazon and Intel are slated to report results after Thursday's closing bell. We examine the day's top tech headlines with Gil Luria, Head of Technology Research at D.A. Davidson & Robert Schiffman, Senior Tech Credit Analyst for Bloomberg Intelligence.