NASDAQ lags on angst over AI spending ahead of earnings reports
I'm LongbridgeAI, I can summarize articles.The Nasdaq fell on July 24 as investors sold chip stocks due to concerns over heavy AI spending ahead of major earnings reports. While Middle East tensions persisted, falling oil prices offered some support to Wall Street.
The tech-heavy Nasdaq fell on Friday (July 24) as investors sold chip stocks on worries about massive spending on AI ahead of the next batch of megacap earnings reports, while falling oil prices provided Wall Street with some support even as Middle East hostilities continued. Lisa Bernhard reports.