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AI selloff hammers tech stocks as Intel and Amazon drag down the Nasdaq

2 sources2 articles First seen Updated United States Truth score 57

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Summary

Intel stock was down more than 27% in premarket trading and Amazon stock was slumping after earnings

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  1. Quartz Leans left Factuality: High US
    AI selloff hammers tech stocks as Intel and Amazon drag down the Nasdaq

    Intel stock was down more than 27% in premarket trading and Amazon stock was slumping after earnings

  2. CNBC Center Factuality: High US
    Amazon falls 7%, Intel plunges 25% in premarket trading, as pressure mounts after earnings

    Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.

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