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Wall Street closed sharply lower as tech giants like Microsoft and Amazon saw significant drops following Alphabet's announcement of doubled AI capital spending. Investors grew wary of hefty AI investments, fearing they may not translate into immediate revenue and profit boosts, impacting software stocks. The market saw a rotation into cheaper stocks as volatility increased.
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Firms are working to make the motors that drive robots more efficient and cheaper.
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News and Media
The steps to bolster Canada's auto industry come as Trump's tariffs strain the sector and threaten jobs.
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News and Media
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