Nasdaq lags on angst over AI spending ahead of earnings reports
By Sinéad Carew and Ragini Mathur July 24 (Reuters) - The tech-heavy Nasdaq fell on Friday as investors sold chip stocks on worries about massive spending on artificial intelligence ahead of the next batch of megacap earnings reports, while falling oil prices provided Wall Street with some support...
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Nasdaq lags on angst over AI spending ahead of earnings reports Why it matters: AI News is moving the AI stack right now, and this update helps explain what changed for builders. Source: Biztoc https://a2zai.ai/bytes/nasdaq-lags-on-angst-over-ai-spending-ahead-of-earnings-re...
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