Amazon shares fell 7.4% and Intel plunged 25% in premarket trading as investors reacted to weak business outlooks and rising AI investment costs. The sell-off weighed on other chipmakers and reflected growing concern that heavy spending is eroding Big Tech cash flows.
Amazon shares fell 7.4% and Intel plunged 25% in premarket trading as investors reacted to weak business outlooks and rising AI investment costs. The sell-off weighed on other chipmakers and reflected growing concern that heavy spending is eroding Big Tech cash flows.
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