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BUSINESSJul 7 · 16:51 UTCWPLG LOCAL 10 MIAMIBy STAN CHOE, Associated Press

AI stocks resume their drops and drag markets lower worldwide

AI stocks declined globally, dragging down major indices like the S&P 500, Nasdaq, and Dow Jones. Samsung Electronics, Micron Technology, and Intel saw significant drops, while rising oil prices and geopolitical tensions in the Strait of Hormuz added pressure to markets.

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