US stocks: Nasdaq tumbles at open as Amazon, Intel add to AI spending woes
The three major indices opened mixed on Friday
The Nasdaq plunged to its lowest level in over two months on Friday, as concerns mounted over the escalating costs of AI infrastructure and the return timeline. Amazon's aggressive AI spending plan and Intel's warning of cash burn added to investor apprehension. Despite a modest 0.08% rise in the Dow Jones Industrial Average to 52,383.9, the S&P 500 suffered a 1.16% decline to 7,631.07, while the Nasdaq Composite fell 2.26% to 25,592.486.
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