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Stock markets fall as concerns persist over tech firms at heart of AI boom

Falls follow sharp sell-off of US tech stock last week while oil prices jump after Iran and Israel exchange strikes

Global stock markets have fallen amid concern about the prospects for tech stocks while oil prices have risen as attacks in the Middle East stoked fears that a fragile truce in the region could break.

Stock markets in Asia and Europe fell on Monday after a sharp sell-off in US tech stocks late last week, as investors fretted over how companies at the forefront of the artificial intelligence boom would fund their “eye-watering” spending plans.

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Originally posted in the guardian.