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Tech stocks slide again as Amazon, Alphabet results deepen AI spending worries

AI-linked technology shares fell sharply on Friday after Amazon's quarterly profit and revenue missed analyst expectations, a day after Google parent Alphabet reported soft growth in advertising and search revenue. The disappointing results from Wall Street giants have deepened existing concerns among investors about whether the massive investment boom in artificial intelligence will pay off.

Tech stocks slide again as Amazon, Alphabet results deepen AI spending worries

This summary is based on reporting by The Hindu.

Read the full story at The Hindu