It seems that it has started. The big American technology stocks have fallen: the Nasdaq index is down 9% from the recent highs. Today the index loses 1.35%. Amazon - minus 1.9% today, minus 6.2% in two days; Alphabet - minus 0.6% for today, minus 13.2% in two days; Intel - minus 29% for today, minus 32% in two days. The broad market index S&P 500 loses 1.6% today. Investors question the wisdom of spending on artificial intelligence - The New York Times headline. ‼ Amazon, Google, Microsoft and more will spend more than 720 billion dollars on AI infrastructure this year. At the same time, big tech is in dire straits: Google's cash flow has turned negative. Intel's net profit tripled. Crypto exchange Binance has been hacked, possibly with the help of AI. The WSJ alludes to this. Telegram | maximum | strain |.

It seems that it has started. The big American technology stocks have fallen: the Nasdaq index is down 9% from the recent highs. Today the index loses 1.35%. Amazon - minus 1.9% today, minus 6.2% in two days; Alphabet - minus 0.6% for today, minus 13.2% in two days; Intel - minus 29% for today, minus 32% in two days. The broad market index S&P 500 loses 1.6% today. Investors question the wisdom of spending on artificial intelligence - The New York Times headline. ‼ Amazon, Google, Microsoft and more will spend more than 720 billion dollars on AI infrastructure this year. At the same time, big tech is in dire straits: Google's cash flow has turned negative. Intel's net profit tripled. Crypto exchange Binance has been hacked, possibly with the help of AI. The WSJ alludes to this. Telegram | maximum | strain |.