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via fortune.comMarkets

Fears over $828 billion AI spending wipe $1 trillion from Nasdaq 100

FROM THE WIRE · FORTUNE.COM

Five tech giants are set to spend as much as $828 billion this year on infrastructure as the AI race eats into cash flow and rattles Wall Street.

Read at the source ↗
MARKET IMPACTHIGH✦ News Impact agent estimateTone: expected bearishA roughly $1 trillion loss in the Nasdaq 100 is a market-moving move for mega-cap tech stocks.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Five tech giants could spend as much as $828 billion on infrastructure this year.
  2. 02The AI race is eating into cash flow and rattling Wall Street.
  3. 03The fears helped wipe $1 trillion from the Nasdaq 100.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NASDAQ 100INDEX:NDXIndex28,384.85Market closedtoday -3.46%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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