US tech stocks see sharp falls over AI cost fears
- US stocks have continued to slide as concerns continue to intensify over the increasing costs of the artificial intelligence (AI) build out.
- Shares in Intel continued their overnight slide into early trading on Friday, falling as much as 30% after the chip maker warned of a weaker computer market even as it plans to increase spending on AI.
- Amazon shares fell as far as 6% before recovering after its reported earnings on Thursday evening fell short of investors' expectations.
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- US stocks have continued to slide as concerns continue to intensify over the increasing costs of the artificial intelligence (AI) build out.
- Shares in Intel continued their overnight slide into early trading on Friday, falling as much as 30% after the chip maker warned of a weaker computer market even as it plans to increase spending on AI.
- Amazon shares fell as far as 6% before recovering after its reported earnings on Thursday evening fell short of investors' expectations.
Sources: BBC News