The article discusses the decline in tech stocks, particularly Microsoft and Meta, due to concerns about the impact of artificial intelligence (AI) and worries about spending cuts. Key points include: Microsoft shares fell 7.7% after the company warned of a potential slowdown in cloud computing growth due to AI models requiring significant computing power. Meta shares dropped 6.8% as investors worried about the company’s AI spending plans. Analysts raised concerns about the potential negative impact of AI on Microsoft’s productivity software and Meta’s advertising business. The tech sector faced broader selling pressure amid fears that the AI boom could lead to increased spending and lower profits for companies. The article highlights the market’s uncertainty about the long-term implications of AI and the potential disruption it could bring to various industries.