US tech stocks enter correction on AI spending and midterm risks
US tech stocks enter correction on AI spending and midterm risks
US tech stocks enter correction on AI spending and midterm risks
Key points
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- US technology stocks have entered a correction, with the tech-heavy Nasdaq-100 closing more than 10 percent below its all-time closing high on Monday.
- Investors have grown wary of huge spending on artificial intelligence data centres without clear evidence of matching returns, and the midterm elections have added to the uncertainty.
- Alphabet fell sharply after disappointing search sales and a second straight quarter of negative free cash flow, while Amazon and several software stocks also dropped on weak outlooks.
- US technology stocks have entered a correction, with the tech-heavy Nasdaq-100 closing more than 10 percent below its all-time closing high on Monday.
- Investors have grown wary of huge spending on artificial intelligence data centres without clear evidence of matching returns, and the midterm elections have added to the uncertainty.
- Alphabet fell sharply after disappointing search sales and a second straight quarter of negative free cash flow, while Amazon and several software stocks also dropped on weak outlooks.
- US technology stocks have entered a correction, with the tech-heavy Nasdaq-100 closing more than 10 percent below its all-time closing high on Monday.
- Investors have grown wary of huge spending on artificial intelligence data centres without clear evidence of matching returns, and the midterm elections have added to the uncertainty.
- Alphabet fell sharply after disappointing search sales and a second straight quarter of negative free cash flow, while Amazon and several software stocks also dropped on weak outlooks.
US technology stocks have entered a correction, with the tech-heavy Nasdaq-100 closing more than 10 percent below its all-time closing high on Monday. Investors have grown wary of huge spending on artificial intelligence data centres without clear evidence of matching returns, and the midterm elections have added to the uncertainty. Alphabet fell sharply after disappointing search sales and a second straight quarter of negative free cash flow, while Amazon and several software stocks also dropped on weak outlooks.
US technology stocks have entered a correction, with the tech-heavy Nasdaq-100 closing more than 10 percent below its all-time closing high on Monday. Investors have grown wary of huge spending on artificial intelligence data centres without clear evidence of matching returns, and the midterm elections have added to the uncertainty. Alphabet fell sharply after disappointing search sales and a second straight quarter of negative free cash flow, while Amazon and several software stocks also dropped on weak outlooks.
US technology stocks have entered a correction, with the tech-heavy Nasdaq-100 closing more than 10 percent below its all-time closing high on Monday. Investors have grown wary of huge spending on artificial intelligence data centres without clear evidence of matching returns, and the midterm elections have added to the uncertainty. Alphabet fell sharply after disappointing search sales and a second straight quarter of negative free cash flow, while Amazon and several software stocks also dropped on weak outlooks.
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