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AI stocks fall after Samsung Electronics' strong profit forecast fails to impress
AI stocks declined sharply on Wall Street despite Samsung Electronics' strong Q2 profit forecast, as investors questioned the sustainability of AI sector valuations. The Nasdaq fell 1.2% and the S&P 500 dropped 0.6%, led by heavy losses in AI-related companies like Micron Technology and Nvidia. Rising oil prices and geopolitical tensions in the Strait of Hormuz further pressured markets.
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