European shares declined on October 30 as investors grew concerned over the high costs associated with artificial intelligence development at major tech firms. Financial results and outlooks from Amazon and Intel further fueled anxieties regarding the significant cash-burn in AI-related investments. These developments reflect a cautious market sentiment toward the heavy spending required for AI technology.
Intel's losses deepened to a record daily low amid revenue guidance and cash flow concerns, weighing on the semiconductor sector and equity futures.
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