AIBBC Technologyabout 5 hours ago
Tech stocks tumble on concerns over AI spending
1 min read
The Nasdaq index fell about 2% as a wave of selling hit major technology shares, fueled by concerns that AI spending cannot justify inflated valuations. Nvidia and Intel were hit hardest. SpaceX shares plunged below their $150 IPO price before recovering to $157 amid the broader market anxiety.
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