Wall Street sells off as investors question returns on big AI spending
US stocks fell sharply Friday after tech earnings renewed doubts that heavy AI investment will pay off. CNN reported the Nasdaq down about 3.1% and the S&P 500 down about 1.9%, each heading for its worst day since June, with the Dow off roughly 500 points. Nvidia fell 4.8% and a chipmaker index dropped 8.2%. Investors shifted toward defensive sectors and government bonds.
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- CNN (cnn.com)
- Yahoo Finance (finance.yahoo.com)
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