Nasdaq falls more than 2% as investors rotate out of tech after Amazon, Intel earnings

The Nasdaq fell more than 2% on Friday as investors sold technology shares following earnings reports from Amazon and Intel. The decline came as Wall Street questioned returns on heavy spending on artificial intelligence, with the S&P 500 and Dow also falling.

Source: Nasdaq falls more than 2% as investors rotate out of tech after Amazon, Intel earnings — CNBC

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Topics: nasdaq · stockmarket · amazon · intel · techstocks · wallstreet