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Source:
الوطن
Weak results sink tech shares
Technology stocks fell on Friday after Amazon’s results and Intel’s outlook came in below analyst expectations, reviving investor concerns about the scale of spending on artificial intelligence and how slowly it is generating returns. Amazon shares dropped about 7% in premarket trading, while Intel fell more than 25% amid weakness in the personal computer market. Alphabet shares had already lost more than 12% in Thursday’s session. U.S. stock index futures also declined as concerns persisted over whether companies can turn their investments into sustainable profits and cash flows.
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