Apple (AAPL) earnings on Monday, Tuesday’s midterm elections and Friday’s jobs report will test whether last week’s AI sell-off was a blip or the start of a broader pullback. To recap, Alphabet (GOOG, GOOGL) suffered its worst day on record, Amazon’s (AMZN) outlook disappointed despite accelerating cloud growth, and Intel (INTC) plunged nearly 29%. In the broader market, the S&P 500 fell 1.8% on Friday, its steepest single-day decline since June. Investors’ concerns are shifting from whether demand for AI is real to who will pay for the infrastructure behind it, and at what cost.
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