business
AI stock slump raises the question if investors are just taking profits or getting very nervous
By Alex Veiga, Associated Press at KSAT 12 (ABC) - San Antonio News
· June 23, 2026
· 5 min read
Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts.Proponents of artificial intelligence see it as the next great revolution for the global...
Key takeaway Just four companies — Alphabet, Amazon, Meta Platforms and Microsoft — plan to spend up to $720 billion this year, primarily on AI data centers.
Why this matters in Alamo Heights News
The recent slump in AI stocks has significant implications for the San Antonio area, where major technology companies have a substantial presence. As investors reassess the viability of AI investments, local businesses and residents may feel the ripple effects. The massive spending plans of companies like Alphabet, Amazon, and Microsoft, which total hundreds of billions of dollars, could lead to increased economic activity in the region if their investments pay off. However, if the AI bubble bursts, it could have a negative impact on the local economy, potentially leading to job losses and decreased investment in the area. The fact that these companies are relying on the markets to raise cash, rather than using their own reserves, adds to the uncertainty. As the situation unfolds, it will be crucial to monitor the impact on San Antonio's business community and the potential consequences for the local economy.
About this story
Original reporting by KSAT 12 (ABC) - San Antonio News . Alamo Heights News surfaces reporting from trusted publishers and adds local editorial context so readers can quickly understand what a story means for their community. We attribute every source, link to the original report, and follow a documented editorial standards policy. To understand how stories are selected and reviewed, read our about page .
For the complete original report, visit KSAT 12 (ABC) - San Antonio News . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 23, 2026 ·
Source: KSAT 12 (ABC) - San Antonio News ·
Reading time: 5 min
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Frequently asked about this story
What is this story about? Technology companies are spending big to incorporate artificial intelligence into their businesses and to build huge data centers. Investors who had jumped on the bandwagon appear to be having second thoughts.Proponents of artificial intelligence see it as the next great revolution for the global...
When was this published? This article was first published on June 23, 2026 by KSAT 12 (ABC) - San Antonio News and curated for Alamo Heights News readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KSAT 12 (ABC) - San Antonio News. To learn more about how Alamo Heights News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Alamo Heights News, or browse our daily briefing and topic hubs .
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