Intel stock has worst day since 1970s, wiping about $12 billion off government’s stake
Summary
Premarket trading saw Amazon drop seven percent and Intel plunge twenty-five percent following their latest earnings reports. Shareholders are increasingly concerned about the massive financial investments tech giants are pouring into artificial intelligence and whether those expenditures will ultimately generate solid returns.
Investors are nervous about the massive AI spending from the tech giants and whether that will pay off.
Source: Read the full story at US Top News and Analysis
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