Nasdaq Falls 2.8% as Meta, Microsoft Highlight AI Costs
Major U.S. stock indexes closed lower Thursday after Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings, curbing enthusiasm for megacaps that have fueled the market rally this year.
Major U.S. stock indexes closed lower Thursday after Microsoft and Meta Platforms highlighted growing artificial intelligence costs that could hit their earnings, curbing enthusiasm for megacaps that have fueled the market rally this year.
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