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)
· June 23, 2026
· 1 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 Investors who had jumped on the bandwagon appear to be having second thoughts.
Why this matters in The San Antonio
San Antonio 's own thriving tech industry is likely watching the AI stock slump with great interest, given the city's growing reputation as a hub for innovation and entrepreneurship. With major companies like Alphabet and Amazon investing heavily in AI, the ripple effects of their spending decisions can be felt in local economies like San Antonio's. The city's own data center buildup, driven in part by the presence of major tech companies, could be impacted by the market's growing skepticism about AI investment. As investors question the profitability of AI, San Antonio's business leaders may need to reassess their own investments in the technology, potentially leading to shifts in the local job market and economy. The city's ability to adapt to these changes will be crucial in maintaining its competitive edge in the tech industry.
About this story
Original reporting by KSAT 12 (ABC affiliate) . The San Antonio 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) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 23, 2026 ·
Source: KSAT 12 (ABC affiliate) ·
Reading time: 1 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) and curated for The San Antonio readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KSAT 12 (ABC affiliate). To learn more about how The San Antonio selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The San Antonio, or browse our daily briefing and topic hubs .
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