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Investors’ Impatience with AI Profitability Triggers Largest US Tech Sell-Off in 10 Years

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July 25, 2024
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The Nasdaq and S&P 500 experienced their worst single-day decline since 2022, following underwhelming financial results from Tesla and Alphabet, the parent company of Google. This sell-off has raised concerns about the high valuations of certain tech giants and the potential vulnerability of the wider US market to their performance. The so-called “magnificent seven” of high-performing tech stocks…

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