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Tech Stocks and Oil Fall | Markets PM for July 24
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What Happened in Markets Today
Intel fell. The chip maker reported strong quarterly results Thursday afternoon, suggesting AI-driven demand for its chips remained strong for the foreseeable future. But market jitters over sky-high AI spending without a path to good returns overpowered the company’s better-than-forecast financial performance. Shares ended down 8% amid a mostly down day for tech.
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