Spending strikes again: Tesla and Alphabet are being punished by investors for lofty capex plans

Photo 1 by ALAIN JOCARD/AFP via Getty Images; Photo 2 by by Karl Mondon / AFP via Getty ImagesBig post-earnings drops in Tesla and Alphabet pressured the sector on Thursday.In both cases, investors are balking at the spending projections as the companies pursue AI projects.Tesla stock cratered nearly 15%, while Alphabet dropped 7%.Gone are the days when investors went along cheerily with Big Tech's plans to spend enormous sums on AI projects.That fact was on display with the precipitous post-ear