US Stocks Fall as Tech Shares Slide on AI Worries
US stock markets fell sharply, with the Nasdaq down 2.14% and the S&P 500 down 1.29%. Weak earnings from Intel and Amazon, along with worries about AI, pulled shares lower, and Nvidia and AMD also dropped. The Dow Jones was down 0.44%.
Context
Context: The Nasdaq is heavy in technology companies, so its moves often show how investors feel about the tech sector. Huge spending on AI has become a major theme, and investors are now questioning whether that spending will pay off.
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