Fears over AI market slow impact global tech stocks

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Global tech stocks took a hit as concerns about the sustainability of the AI boom and the prospect of rising interest rates weighed heavily on markets. Asian equity markets closed significantly lower, driven by fears that a stronger-than-expected rise in U.S. inflation could prompt the Federal Reserve to hike interest rates later this year. Such a move would increase the cost of investments for high-growth companies, including those in the artificial intelligence sector. In Asia, major...
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