business
AI stock slump raises the question if investors are just taking profits or getting very nervous
By Alex Veiga, Associated Press at KPRC 2 / Click2Houston (NBC)
· 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 The Pearland
The recent slump in AI stocks has significant implications for the local economy in Pearland , where major technology companies have a presence. As these companies, such as Alphabet and Amazon, continue to invest heavily in AI, the city's residents may see an impact on job markets and local businesses. The massive spending on AI data centers, with companies like Microsoft and Alphabet leading the charge, could lead to an increase in demand for skilled workers in the field, potentially creating new job opportunities in the area. Furthermore, the construction of these data centers could also lead to an influx of new businesses and services in Pearland, catering to the needs of these tech giants. As investors question the profitability of AI investments, it will be crucial to monitor how this affects the local economy and whether Pearland's businesses can capitalize on the growing demand for AI-related services.
About this story
Original reporting by KPRC 2 / Click2Houston (NBC) . The Pearland 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 KPRC 2 / Click2Houston (NBC) . Have a tip or correction? Contact our newsroom .
Category: business ·
Published: June 23, 2026 ·
Source: KPRC 2 / Click2Houston (NBC) ·
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 KPRC 2 / Click2Houston (NBC) and curated for The Pearland readers.
Who reported this story? This story was reported by Alex Veiga, Associated Press at KPRC 2 / Click2Houston (NBC). To learn more about how The Pearland selects and reviews stories, see our editorial standards .
Where can I find related coverage? See more business coverage from The Pearland, or browse our daily briefing and topic hubs .
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