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The Nexus
BUSINESSJun 22 · 22:41 UTCSEMAFORJake Angelo

SpaceX, Alphabet lead US tech rout

Tech stocks fell as SpaceX and Alphabet led a downturn. SpaceX's decline followed a bond sale announcement after its IPO, while Alphabet's performance worsened due to key employee departures from Google DeepMind, including a Nobel Prize winner joining Anthropic. Analysts remain optimistic about tech stock growth due to increased data center investments.

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