AI Spending Concerns Weigh on US Tech Shares After Earnings
Sign in✓ Signed in
U.S. technology stocks fell sharply after major company results renewed investor concern about the scale and returns of artificial intelligence spending. The Nasdaq Composite dropped 2.6% on Thursday, its steepest daily decline since early June. The S&P 500 fell 1.2%, while the Dow Jones Industrial Average edged up 0.02%.[[bad]]