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Wall Street Falls as Artificial Intelligence Concerns and Technology Stocks Decline
The U.S. stock market experienced a significant decline as investor concerns about the sustainability of massive spending on artificial intelligence technologies intensified. The Nasdaq fell by 1.8%, the Dow Jones by 1%, and the S&P 500 by 1.2%. Shares of semiconductor and other tech companies were notably affected. Global markets also faced increasing pressure amid questions about the longevity of the capital expenditure boom in AI, amidst warnings of volatility cycles linked to investment waves in transformative technologies.
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