Confidence in AI-related stocks was shaken by Alphabet's and Intel's earnings announcements, and US markets posted their biggest weekly decline in several months. The S&P 500 closed down 0.57% at 7580.07.
In the weekly market update, reports said Alphabet's and Intel's earnings announcements had shattered confidence in AI-related stocks.
US stocks fell this week as concerns about the outlook for AI-related stocks spread, with the S&P 500 down 0.57% at 7580.07.