Global stocks fall on AI spending concerns as bonds rally
Stocks declined amid concerns about cash burn from AI investment, while bonds rallied alongside oil.
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04:46:55 PM UTC
SquawkNews
By Sinéad Carew and Iain WithersA sharp selloff in Wall Street's tech shares pushed MSCI's global index down more than 1% on Friday, sending investors to the safety of US bonds on fears that hefty cash-burning AI investments may not deliver sufficient returns.Shares in chipmaker Intel NASDAQ:INTC p…