‘Tech carnage’: AI stocks plunge as investors spooked by gloomy earnings

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‘Tech carnage’: AI stocks plunge as investors spooked by gloomy earnings

The global tech sell-off deepened on Friday after a string of heavily disappointing earnings revived fears over the pace and scale of AI spending. The Nasdaq Composite Index plunged 2.2 per cent at the open on Friday after a $500bn rout in Google-owner Alphabet’s shares on Thursday. Roughly $3 trillion has been wiped off the [...]