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STOCKS | Tech Stocks Drag S&P 500 Lower on TSMC AI Spending Worries

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2026-07-16 20:45:31
Technology stocks pushed major U.S. stock indexes lower on Thursday as Taiwan Semiconductor Manufacturing Co.’s results revived worries about artificial-intelligence spending, according to Bloomberg.

The selling in tech weighed on the S&P 500 and came after TSMC’s results sparked concern that AI-related outlays may face pressure.
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