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Apple leads tech selloff as AI stumbles, margin fears mount
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MacDailyNewsApple leads tech selloff as AI stumbles, margin fears mount
Apple spearheaded a renewed sell-off in technology stocks Thursday, plunging 5% and erasing roughly $200 billion in market value-its steepest single-day decline in months. The slide intensified as sector sentiment soured following Cisco's warning that escalating memory chip costs were squeezing profitability, fueling broader investor concerns over profit margins tied to AI-related spending. Faizan Farooque for GuruFocus: Concerns about AI taki…
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