US tech megacaps slide as SpaceX extends slump, AI expense concerns grow (opens in new tab)

June 22 : 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.SpaceX slid over 10 per cent after last week's blistering post-IPO rally. The