Nasdaq falls 2.5% on AI funding concerns
GOOG Alphabet Inc
$317.28 -1.08%
View chart & analysis → - 1The Nasdaq fell 2.5% due to concerns over a lack of funds for building AI infrastructure.
- 2Meta recorded a 7.5% decline on Thursday.
- 3Alphabet recorded approximately $85 billion in funding in June.
So what's the key point?
The Nasdaq index fell 2.5% because of fears that there might not be enough money to build artificial intelligence facilities. Meta's stock price dropped significantly, indicating a poor market atmosphere.
Source CNBC · View original ↗
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