Wall Street Tech Stocks Fall Amid AI Spending Doubts
Wall Street experienced a significant tech sell-off as investors questioned if heavy spending on artificial intelligence would yield sufficient returns to justify high valuations. The S&P 500 dropped 1.8%, Nasdaq fell 2.9%, Intel plunged nearly 29%, and Nvidia declined 4.2%. Bitcoin also slid following a major hack at Binance.
Economic Times·



