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US stocks fall amid AI funding concerns
The U.S. stock markets declined sharply due to increasing concerns over the financing and development of artificial intelligence technologies, as rising funding costs and capital challenges affected major tech companies. The Nasdaq, S&P 500, and Dow Jones indices all fell. Meanwhile, oil prices rose significantly, with Brent crude surpassing $112 per barrel following reports of plans for new attacks against Iran by the United States and Israel. Investors also turned to U.S. Treasury bonds as a safe haven, with the yield on ten-year bonds dropping to the lowest level in a month amid escalating geopolitical tensions.
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