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The Nexus
BUSINESSJun 24 · 09:02 UTCAXIOSEmily Peck

Investors may be hitting pause on the AI run-up

Investors are pausing on the AI-driven stock surge as chip stocks decline, with companies realizing the high costs of AI development and scaling. The Nasdaq 100 fell 3.3% amid investor concerns, and companies like Uber are adjusting budgets due to unexpected AI expenses.

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Micron TechnologyorganizationOpenAIorganizationAnthropicorganizationAlphabet Inc.organizationUberorganizationKPMGorganizationDeutsche BankorganizationRahsaan Shearsperson
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