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Nasdaq Drops on AI Stock Selloff
The Nasdaq index declined by 0.4% amid selling pressure on AI company stocks, particularly firms like Intel and Micro Technology, which fell by about 2%. Korean AI stocks, especially Eles, also experienced drops of over 30%, fueling investor concerns about the sustainability of funding waves in this sector. This came after Wall Street indices had risen during the previous session, but worries over debt and demand dampened sentiment, increasing the risks associated with excessive borrowing for AI company expansions.
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