The Nasdaq market faces a potential loss of over $2 trillion in value due to rising AI spending fears.
Amazon's advertising unit grew 11% last quarter, but overall growth slowed. Alphabet's shares dropped sharply, losing nearly $500 billion in value. The Nasdaq 100 is expected to lose over $2 trillion in market value this month.
- Amazon’s advertising services unit saw growth of 11% last quarter.
- Alphabet’s shares plunged by a record, wiping out nearly $500 billion in market value.
- More than $2 trillion in market value is expected to be lost from the Nasdaq 100 this month.
Outlets: Business Standard, Financial Times, Perfil, The Korea Times, Times of India (Top), TimesLIVE
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