Big tech told us this week the AI bill is going higher. Today the market sold it, but not the spenders. Amazon, Microsoft and Alphabet closed down under two percent. AMD, Dell, Marvell and SanDisk lost ten to fourteen. Fear the spending is too big and you sell the payer. The market sold everyone who gets paid instead. That is a budget cut being priced, not a spending scare. $AMZN
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