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AI stock selloffs fuel fears Big Tech’s best quarters are over - Los Angeles Times

Many of the top technology stocks, which seemed almost unstoppable for months, got hammered this week as fears grew that massive spending on artificial intelligence won’t pay off anytime soon. Some investors have expressed concerns that the AI rally has inflated some shares too much. Hundreds of billions of dollars are being spent on data centers and the research to build and test the powerful large language models behind AI, but it remains uncertain whether future profits will justify the inves...

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