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“The AI payday The prospect of a simultaneous blow-up of a sovereign debt crisis and a stock market collapse of hugely indebted companies terrifies many investors.”

“US tech stocks have dropped sharply amid market jitters over the sustainability of companies’ enormous capital investments in AI.”

“The crash wiped billions off the company’s valuation, driving its stock to its lowest point since 2019 – a far cry from its peak of $17.22 a year ago.”