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Tech Stocks Are Sliding. Wall Street Is Selling the AI Trade.
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Wall Street was selling technology stocks after analysts at TD Cowen said Microsoft cancelled leases with “at least two data private center operators.” The Nasdaq Composite dropped 1% in Monday morning trading, while the S&P 500 was down 0.4%. The Dow, which is less exposed to the tech sector than the other major indexes, was up 31 points, or 0.1%.
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