Global decline impacts chip stocks and Nasdaq
Global stock markets declined as the Nasdaq experienced its first loss in four consecutive sessions since February, amid fears over rising artificial intelligence technology costs and their sensitivity to overestimations. Shares of major tech companies like Apple and Microsoft fell, with the pressures extending to Asian and European markets, as key indices such as Nikkei and Toku fell. A wave of selling led to significant declines in chip and artificial intelligence technology stocks, amid ongoing tensions surrounding market valuations and their high costs.
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