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StockNews.com
StockNews.com
Business
Steve Reitmeister

BIZARRE: Investors are you ready for november - You Need To See This

The S&P 500 (SPY) tumbled -1.86% on Halloween given the specter of large tech companies announcing large increases in AI investing. This sounds like a good thing, right?

Yes, in the long run as it likely will pave the way for great innovation and profit growth. But in the meantime, that additional cost will weigh on earnings.

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