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How AI Spending Concerns Drove ServiceNow’s 7.4% Rally Amid Nasdaq Dip — Market Wrap Jul 24
Today's AI insights from 7horns.ai reveal a mixed market close as the Nasdaq dipped 0.64% while ServiceNow surged 7.44% on strong earnings and robust AI bookings. The Dow led gains with a 0.46% rise, supported by a pullback in crude oil and strength in real estate sectors. Apple bucked tech weakness, rallying 3.53%, while Tesla and Meta retreated 2.08% and 1.8% respectively amid lingering concerns over heavy AI capital expenditures. Adobe also enjoyed a notable 6.1% jump. Conversely, smaller names like MaxLinear and Nebius Group saw sharp declines of 21.54% and 15.02% due to profit-taking…
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