U.S. Stocks Slide as Amazon and Intel Earnings Fuel AI Selling
U.S. stocks fell following disappointing earnings reports from Amazon and Intel, as AI-related selling intensified. The Dow Jones Industrial Average slid 572.25 points.
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08:23:34 PM UTC
SquawkNews
AI SPENDING FEARS SPARK TECH SELLOFF, DEFENSIVES SHINEUS stocks tumbled Friday, with the Nasdaq TVC:IXIC falling to a three-month low after disappointing results from Intel NASDAQ:INTC and Amazon NASDAQ:AMZN intensified concerns about the enormous sums being poured into AI and when, or whether, tho…