Tech Stocks Drop Amid AI and Economic Uncertainties
TL;DR Summary
US tech stocks declined sharply due to concerns over the actual profitability of AI investments, with reports and comments from industry leaders fueling fears of an AI bubble, leading to a broad market sell-off especially in high-flying tech stocks like Nvidia and Oracle.
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- Stock Market Today: Dow Rises After Home Depot Kicks Off Retail Earnings; Intel Stock Rallies — Live Updates The Wall Street Journal
- S&P 500 closes lower as Nvidia pulls down tech sector, Dow briefly touches record: Live updates CNBC
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