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Wall Street falls sharply on AI cash burn fears

Original: Wall Street closes sharply lower as AI cash burn fears spark tech selloff

US stock markets closed sharply lower, with technology shares leading the decline amid investor concerns about heavy cash spending on artificial intelligence. Traders are questioning whether massive AI investments will generate returns fast enough, triggering a broad selloff in the sector that dragged down the major indexes.

Why now: Investors are worried that companies' enormous AI spending may not pay off, prompting a tech-led selloff.

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Evidence

• Wall Street closes sharply lower as AI cash burn fears spark tech selloff · Reuters
• Wall Street closes sharply lower as AI cash burn fears spark tech selloff · Yahoo Finance

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