FinanceBBC Technologyabout 2 hours ago
US Tech Stocks Fall on AI Cost Worries
1 min read
US tech stocks slide as AI build-out costs intensify. Intel shares fell 30% after warning of a weaker computer market. Amazon shares dropped 6% before recovering after earnings missed expectations. The Nasdaq opened down 2.5% at its lowest level in over two months, following Alphabet's value plunge of more than $500bn due to AI summaries affecting core search advertising revenue.
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