US tech stocks lose over $1 trillion as doubts grow over AI spending returns

United States (US) technology stocks lost more than $1 trillion in market value on Friday as investors questioned whether major companies’ spending on Artificial Intelligence infrastructure would generate returns, sending the Nasdaq 100 towards correction territory. The Nasdaq 100 fell 3.4 percent in afternoon trading, marking its steepest single-day decline since mid-June. The broader S&P […] The post US tech stocks lose over $1 trillion as doubts grow over AI spending returns appeared first on

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