US tech shares slide as AI cost worries weigh on markets
Technology stocks in the United States fell sharply, with Intel's share price extending its losses and the tech-heavy Nasdaq opening at its lowest level in over two months.
US technology shares dropped steeply at the start of trading as investors grew concerned about the costs associated with artificial intelligence. Intel's stock kept sliding, adding to the pressure on the sector. The Nasdaq, which has a heavy weighting toward technology companies, opened at its weakest point since before the start of the previous two months.