Nasdaq Falls Over 2% as Amazon, Intel Raise AI Spending Concerns
The Nasdaq opened at its lowest level in over two months, dropping 2.26% to 25,592.49, driven by investor worries over Amazon's aggressive AI spending and Intel's cash burn warning. The S&P 500 fell 1.16% to 7,631.07, while the Dow Jones rose slightly by 0.08% to 52,383.9 at the open, reflecting mixed market reactions to AI infrastructure costs.
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