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Tech Selloff Deepens as AI Spending Concerns Rise

Bloomberg Markets •
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Shares of Amazon declined following the company's announcement of a massive $200 billion investment in data centers and equipment. This move has amplified existing fears about an AI bubble, contributing to a broader tech selloff that extended into Asian trading hours. The combined spending plans of tech giants like Alphabet, Meta, and Microsoft are projected to reach $650 billion in 2026, fueling investor unease.