Elbilassy: Tech Selloff Healthy After Nasdaq Record High

Stocks fell as megacap earnings failed to reassure investors about the rebound in Artificial Intelligence trade. Tesla retreated after cutting its spending outlook, while Meta doubled down on AI investment. Nadia Elbilassy, Senior Market Analyst at Equiti Group spoke to Bloomberg’s Abeer Abu Omar on Horizons Middle East & Africa on the market movements. (Source: Bloomberg)

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