US tech shares fall as Amazon and Intel results deepen AI spending concerns
Investors' concerns about AI spending coincided with disappointing results in major technology companies' core businesses, according to Bloomberg, which reported a second consecutive decline at Friday's market open. Intel shares were heading for their biggest drop since 1974 after its earnings unsettled investors, according to the Financial Times.
Covered by 2 publishers within 4 hours of the first report.
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Bloomberg Amazon’s AI Spending Spooks Investors
Financial Times US tech stocks tumble as concerns over AI spending intensify