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Source: BBC Home
3 DaysBBC Home
Source: BBC Home
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US technology stocks fell sharply on Friday as investors questioned the rising cost and returns of artificial intelligence investment. The Nasdaq opened down 2.5%, while Intel shares fell as much as 30% after it forecast weaker revenue and continued pressure on the PC market; Amazon and Alphabet also declined. Amazon and Intel said spending was outpacing cash coming in, while Alphabet reported that AI-generated search summaries were affecting core advertising revenue.
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