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Shares drop in US and Asia as AI stocks slide

BBC News

Shares in technology companies, especially those related to AI, have driven much of this year's stock market gains. AI chip giant Nvidia, which has been one of the main beneficiaries of the AI boom, saw its shares drop 6.8%. It has lost about 15% of its value in the last two weeks. The company is set to report financial results at the end of August. Shares in multi-billionaire Elon Musk's electric car maker Tesla dropped by more than 12% after its latest financial results disappointed investors.