TechBloomberg Tech54m ago
Tech Selloff Deepens as Intel and Amazon Shares Fall
TL;DRTech stocks tumble as Intel and Amazon disappoint; AI enthusiasm fades.
Why it matters: Signals potential cooling in AI investment cycle and major player weakness.
Technology shares sold off for a second consecutive day as another round of disappointing earnings accelerated a rotation out of the artificial intelligence trade. Amazon slumped 7.3% as the firm reported greater capital spending than anticipated, while Intel plunged 23% after…
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