Pressure on tech stocks: Amazon and Intel fall over artificial intelligence spending
Published
Technology stocks came under pressure once again. Futures contracts on the Nasdaq 100 index, which includes major American technology companies, recorded losses of about 2%.
The main reason for this decline is the disappointing results of Amazon. The company failed to meet investors' expectations. At the same time, Intel gave weak forecasts for the coming periods, which increased market concern.
Intel is particularly affected. The company's market value fell by 128 billion dollars. This development shows how sensitive markets are to news about investments in artificial intelligence, which require enormous sums.
For investors in Greece, the movements of the major American markets matter. When international technology stocks fall, portfolios that include foreign companies are often affected as well. Analysts are now watching closely whether large companies will continue to increase their investments in artificial intelligence, or whether they will slow their pace.
Sources: Insider.gr
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