Nasdaq slides as Amazon AI capex and Intel cash-burn warning spook investors

Amazon's aggressive AI spending plan and Intel's warning about cash burn have intensified investor concerns, triggering a sharp drop in the Nasdaq. The market is repricing tech valuations amid fears of escalating AI capex without commensurate returns. Uncertainty remains over the sustainability of AI-driven earnings growth.

AI disclosure: Model-written summary of the source, not a verified fact. Check the sources. How Mosaic works