Nasdaq Sell-Off Tied to AI Spending Fears
US tech stocks fell sharply, with reports saying the Nasdaq slid as fears over AI spending, a rout in Intel shares and worries about Anthropic's debt drove the selloff. One report said the sell-off wiped out nearly $1 trillion from US markets.
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Context: Big tech firms are spending huge sums on AI data centres and chips, so investors are worried whether those costs will pay off; the Nasdaq is the US index heavy in technology shares.
বার্নিং পটেটো স্কোর: 66%