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 affiliate) — San Antonio
· 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 Terrell Hills News
The slump in AI stocks has significant implications for Terrell Hills , where many residents work in the tech industry or have investments tied to the sector. As companies like Alphabet, Amazon, and Microsoft continue to pour billions into AI development, the question of whether these investments will yield returns is crucial for local economic stability. The fact that these companies are increasingly relying on the markets to raise cash, rather than using their own reserves, adds to the uncertainty. For Terrell Hills, a decline in the tech sector could mean a decrease in high-paying jobs and a subsequent impact on local businesses that rely on the spending power of these employees. As the AI buildout continues, residents will be watching closely to see if the promised revolution in productivity and profits materializes, and what that will mean for the local economy. The ripple effects of this investment bubble could be felt throughout the San Antonio area.
About this story
Original reporting by KSAT 12 (ABC affiliate) — San Antonio . Terrell Hills 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 affiliate) — San Antonio . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 23, 2026 ·
Source: KSAT 12 (ABC affiliate) — San Antonio ·
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 affiliate) — San Antonio and curated for Terrell Hills News readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KSAT 12 (ABC affiliate) — San Antonio. To learn more about how Terrell Hills News selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from Terrell Hills News, or browse our daily briefing and topic hubs .
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