Published Time: 02.08.2024 - 14:04:26
Modified Time: 02.08.2024 - 14:04:26
Some megacap names saw steep losses during the day, as Amazon's second-quarter results sparked investor concerns Big Tech's blowout levels of artificial intelligence-related capital spending. The e-commerce giant slid 12.5% after missing the Street's revenue estimates and issuing a disappointing forecast. Intel, meanwhile, cratered roughly 27% after announcing weak guidance and layoffs. Nvidia lost more than 4%, following a 6% loss a day before. Stock market
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