Tech rout wipes out over $1 trillion as Nasdaq has worst day since June
US stocks fell sharply Friday after weak earnings from Amazon and Intel renewed worries about heavy AI spending. The Nasdaq 100 dropped about 3.4% in afternoon trading, nearing correction territory. Intel fell 29% in its worst single-day drop on record. The Philadelphia semiconductor index lost 7.2%.
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- NBC News (nbcnews.com)
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