AI investment concerns drive sharp sell-off in US tech stocks, erasing nearly $1tn in a week
A sell-off in technology shares intensified after disappointing earnings from major companies, as investors questioned whether billions of dollars being invested in artificial intelligence would generate returns quickly enough. The decline erased nearly $1tn from the tech-heavy Nasdaq in one week and about $2tn in a month, while the S&P 500 fell more than 1%.
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