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Europe Stocks Slip on AI
European stocks fell at the open on Friday amid a global sell-off linked to concerns about the artificial intelligence sector. The STOXX 600 dropped 1.6% to 644.72, wiping out its weekly gains and leaving it down about 0.2% so far this week. Media, healthcare and retail stocks led the declines, each falling more than 2%, as concerns grew that the US Congress could restrict spending on AI data centers, putting pressure on returns and investment. Teleperformance shares also fell about 18% after the company lowered its annual revenue-growth forecast, citing weak activity in its trust and safety services.
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