Follow all the latest U.S. market action for Wednesday here as Big Tech stocks again come under pressure on capex concerns.

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Follow along for live updates on stocks, bonds and markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.

GOOGL's slide – its worst in more than a year – erased $184 billion in market cap, or more than the entire market value of Advanced Micro Devices. Bulls see the selloff as a buying opportunity. Analysts' consensus recommendation on the name stands at Buy, with high conviction, according to S&P Global Market Intelligence.

US stocks opened lower Wednesday as the Nasdaq and S&P 500 felt impact from Alphabet, AMD and renewed AI worries.