A new report from Ramp reveals that while AI usage continues to rise, spending on AI has largely plateaued, growing only 1.5% in August and September compared to a 42% jump in July. This slowdown is attributed to intense price competition among AI providers like OpenAI and Anthropic, who have cut prices significantly, and customers becoming more cost-conscious. Although token volumes are increasing, companies are using AI more efficiently and shifting to cheaper models, limiting revenue growth for AI firms. This trend raises concerns about the sustainability of hypergrowth in AI spending, with investors adjusting valuations downward and questioning future revenue trajectories.
The story on AI spending trends provides context for technology-sector stocks on Pluang. For readers following technology stocks, here is Pluang's market snapshot as of Nov 06, 2026 23:02 WIB: Out of 150 priced US technology stocks, 90 rose and 60 fell today. Among notable movers, Applovin Corporation (APP) rose 8.18% to USD 385.22 with a typical hold time of 23 days, while Atomera Incorporated (ATOM) gained 7.49% at USD 2.80 and Nebius Group NV (NBIS) increased 7.29% to USD 129.15. Pluang order activity showed a predominance of selling interest in these stocks, with APP at 74% Sell, ATOM at 70% Sell, and NBIS at 82% Sell.
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