Nasdaq 100 and S&P 500 shed nearly $3.3 trillion as AI spending fears hit tech
Weak guidance from Intel, Amazon’s cash burn and Alphabet’s slide pushed investors to question whether the AI buildout will pay off
The Nasdaq 100 and S&P 500 together lost nearly $3.3 trillion in market value as disappointing earnings and soft guidance set off a broad selloff in US stocks.
On October 30,
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